We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cardiovascular Systems, Inc. recently announced the treatment of the first U.S. patient with its WIRION Embolic Protection System (EPS). Notably, the device offers an efficient approach for lower extremity embolic protection.
In August 2019, Cardiovascular Systems acquired the WIRION Embolic Protection System and related assets from Gardia Medical Ltd., a wholly-owned Israeli subsidiary of Allium Medical Solutions Ltd.
The recent development is a major breakthrough in the company’s mission to support a comprehensive portfolio of differentiated products intended to save limbs and improve outcomes for patients undergoing complex peripheral interventions.
WIRION at a Glance
WIRION is a distal embolic protection filter used to capture thrombus and debris that can be connected with all types of peripheral vascular intervention procedures, including atherectomy.
More in the News
Lawrence Garcia, MD, from St. Elizabeth’s Medical Center in Boston, MA, and Dr. Shammas from Unity Point Health-Trinity Bettendorf in Davenport, Iowa, participated as investigators in the WIRION EPS in the Lower Extremities Arteries (WISE LE) study. Notably, WISE LE was a multicenter study performed in the United States and Germany, incorporating all commercially-available atherectomy systems.
Per personnel associated with the treatment, WIRION verified a major adverse event (MAE) rate of 1.9%, lower than the earlier reported rates for other lower extremity embolic protection filters. Notably, no clinically considerable distal embolization was observed when treated with WIRION.
Per Dr. Shammas, WIRION’s delivery and retrieval are easy with a minimal learning curve. Moreover, debris capture is very efficient, making WIRION remarkably appropriate for use with any atherectomy device.
Industry Prospects
Per a report by Grand View Research, the global embolic protection devices market size was valued at $820.2 million in 2017 and is expected to see a CAGR of 8.4% by 2026. Rising cases of cardiovascular, peripheral, and neurovascular surgeries and heavy investments in R&D of embolic devices are the key catalysts for the market.
Recent Developments
In February 2021, Cardiovascular Systems announced the treatment of the first patient in Europe with its Diamondback 360 Coronary Orbital Atherectomy System (OAS). Notably, the use of Diamondback 360 Coronary OAS streamlines the treatment with a unique mechanism to successfully modify severe calcium and optimize stent performance.
During the same month, Cardiovascular Systems collaborated with Chansu Vascular Technologies, LLC to develop novel peripheral and coronary everolimus drug-coated balloons (DCBs). The collaboration will enable Cardiovascular Systems to develop a new class of DCBs that will enhance patient outcome.
Price Performance
Over the past six months, shares of the company have gained 21.5% compared with the industry’s 11.1% rally.
Zacks Rank and Key Picks
Currently, Cardiovascular Systems carries a Zacks Rank #3 (Hold).
Envista’s long-term earnings growth rate is estimated at 24%.
Meridian Bioscience’s long-term earnings growth rate is projected at 61%.
Owens & Minor’s long-term earnings growth rate is estimated at 49%.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Image: Bigstock
Cardiovascular Systems' (CSII) WIRION Cures 1st U.S Patient
Cardiovascular Systems, Inc. recently announced the treatment of the first U.S. patient with its WIRION Embolic Protection System (EPS). Notably, the device offers an efficient approach for lower extremity embolic protection.
In August 2019, Cardiovascular Systems acquired the WIRION Embolic Protection System and related assets from Gardia Medical Ltd., a wholly-owned Israeli subsidiary of Allium Medical Solutions Ltd.
The recent development is a major breakthrough in the company’s mission to support a comprehensive portfolio of differentiated products intended to save limbs and improve outcomes for patients undergoing complex peripheral interventions.
WIRION at a Glance
WIRION is a distal embolic protection filter used to capture thrombus and debris that can be connected with all types of peripheral vascular intervention procedures, including atherectomy.
More in the News
Lawrence Garcia, MD, from St. Elizabeth’s Medical Center in Boston, MA, and Dr. Shammas from Unity Point Health-Trinity Bettendorf in Davenport, Iowa, participated as investigators in the WIRION EPS in the Lower Extremities Arteries (WISE LE) study. Notably, WISE LE was a multicenter study performed in the United States and Germany, incorporating all commercially-available atherectomy systems.
Per personnel associated with the treatment, WIRION verified a major adverse event (MAE) rate of 1.9%, lower than the earlier reported rates for other lower extremity embolic protection filters. Notably, no clinically considerable distal embolization was observed when treated with WIRION.
Per Dr. Shammas, WIRION’s delivery and retrieval are easy with a minimal learning curve. Moreover, debris capture is very efficient, making WIRION remarkably appropriate for use with any atherectomy device.
Industry Prospects
Per a report by Grand View Research, the global embolic protection devices market size was valued at $820.2 million in 2017 and is expected to see a CAGR of 8.4% by 2026. Rising cases of cardiovascular, peripheral, and neurovascular surgeries and heavy investments in R&D of embolic devices are the key catalysts for the market.
Recent Developments
In February 2021, Cardiovascular Systems announced the treatment of the first patient in Europe with its Diamondback 360 Coronary Orbital Atherectomy System (OAS). Notably, the use of Diamondback 360 Coronary OAS streamlines the treatment with a unique mechanism to successfully modify severe calcium and optimize stent performance.
During the same month, Cardiovascular Systems collaborated with Chansu Vascular Technologies, LLC to develop novel peripheral and coronary everolimus drug-coated balloons (DCBs). The collaboration will enable Cardiovascular Systems to develop a new class of DCBs that will enhance patient outcome.
Price Performance
Over the past six months, shares of the company have gained 21.5% compared with the industry’s 11.1% rally.
Zacks Rank and Key Picks
Currently, Cardiovascular Systems carries a Zacks Rank #3 (Hold).
A few better-ranked stocks from the broader medical space are Envista Holdings Corporation (NVST - Free Report) , Meridian Bioscience Inc. and Owens & Minor, Inc. (OMI - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Envista’s long-term earnings growth rate is estimated at 24%.
Meridian Bioscience’s long-term earnings growth rate is projected at 61%.
Owens & Minor’s long-term earnings growth rate is estimated at 49%.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2021 today >>