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Cardinal Health's (CAH) Arm Receives FDA Nod for LYMPHOSEEK
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Cardinal Health, Inc. (CAH - Free Report) recently announced that LYMPHOSEEK (technetium Tc 99m tilmanocept) injection has received approval for pediatric use by the FDA. This new indication will enable physicians, oncologists and nuclear medicine specialists to stage the spread of disease through lymphatic mapping in pediatric cancer patients more accurately.
Notably, the injection is the first and only radiopharmaceutical agent that has been specifically created for targeted lymphatic mapping and guiding sentinel lymph node biopsies (SLNB). It is worth mentioning that a clinical study to assess LYMPHOSEEK in pediatric patients has exhibited that the radiopharmaceutical is safe and effective for patients one month and older.
The approval is likely to bolster the company’s overall Pharmaceutical segment.
Significance of the Approval
Notably, rhabdomyosarcoma (RMS) is often detected in children and teens, with above half of diagnoses in children younger than 10 years of age. Every year in the United States around the same number of pediatric cases of RMS, which is a rare type of cancer forming in soft tissues, like eyes, can be seen.
Image Source: Zacks Investment Research
Apart from adult use, the new approval will aid in offering accurate and precise lymph node detection in pediatric patients with melanoma, RMS or other types of solid tumors.
Per management, the latest approval will allow more families to get answers to some their most concerning questions.
Market Prospects
Per a report by Research and Markets, the Global Radiopharmaceuticals market is projected to reach $6.6 billion in 2021 and is anticipated to be worth $8.2 billion by 2026, witnessing a CAGR of 4.5%. Hence, the approval comes at an opportune time for Cardinal Health.
Recent Developments
In April, Cardinal Health was awarded a $57.8-million contract to offer critical pandemic support throughout the United States in collaboration with the U.S. government. This, in turn, will help healthcare providers and first responders receive the much-needed critical products as quickly, efficiently and safely as possible to act on the ongoing COVID-19 emergencies with immediacy.
In the same month, the company’s Specialty Solutions introduced Cardinal Health Navista Tech Solutions (TS), which is an advanced suite of technology solutions. The latest launch will enable community oncologists to boost patient outcomes and lower costs with respect to their treatment while they shift to value-based care.
Price Performance
Shares of this Zacks Rank #3 (Hold) company have gained 12% on a year-to-date basis, compared with the industry’s growth of 7.2%.
HCA Healthcare’s long-term earnings growth rate is expected at 12.3%.
DaVita’s long-term earnings growth rate is estimated at 14.4%.
Encompass Health’s long-term earnings growth rate is projected at 17.3%.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Image: Bigstock
Cardinal Health's (CAH) Arm Receives FDA Nod for LYMPHOSEEK
Cardinal Health, Inc. (CAH - Free Report) recently announced that LYMPHOSEEK (technetium Tc 99m tilmanocept) injection has received approval for pediatric use by the FDA. This new indication will enable physicians, oncologists and nuclear medicine specialists to stage the spread of disease through lymphatic mapping in pediatric cancer patients more accurately.
Notably, the injection is the first and only radiopharmaceutical agent that has been specifically created for targeted lymphatic mapping and guiding sentinel lymph node biopsies (SLNB). It is worth mentioning that a clinical study to assess LYMPHOSEEK in pediatric patients has exhibited that the radiopharmaceutical is safe and effective for patients one month and older.
The approval is likely to bolster the company’s overall Pharmaceutical segment.
Significance of the Approval
Notably, rhabdomyosarcoma (RMS) is often detected in children and teens, with above half of diagnoses in children younger than 10 years of age. Every year in the United States around the same number of pediatric cases of RMS, which is a rare type of cancer forming in soft tissues, like eyes, can be seen.
Apart from adult use, the new approval will aid in offering accurate and precise lymph node detection in pediatric patients with melanoma, RMS or other types of solid tumors.
Per management, the latest approval will allow more families to get answers to some their most concerning questions.
Market Prospects
Per a report by Research and Markets, the Global Radiopharmaceuticals market is projected to reach $6.6 billion in 2021 and is anticipated to be worth $8.2 billion by 2026, witnessing a CAGR of 4.5%. Hence, the approval comes at an opportune time for Cardinal Health.
Recent Developments
In April, Cardinal Health was awarded a $57.8-million contract to offer critical pandemic support throughout the United States in collaboration with the U.S. government. This, in turn, will help healthcare providers and first responders receive the much-needed critical products as quickly, efficiently and safely as possible to act on the ongoing COVID-19 emergencies with immediacy.
In the same month, the company’s Specialty Solutions introduced Cardinal Health Navista Tech Solutions (TS), which is an advanced suite of technology solutions. The latest launch will enable community oncologists to boost patient outcomes and lower costs with respect to their treatment while they shift to value-based care.
Price Performance
Shares of this Zacks Rank #3 (Hold) company have gained 12% on a year-to-date basis, compared with the industry’s growth of 7.2%.
Stocks to Consider
Some better-ranked stocks from the broader medical space are HCA Healthcare, Inc. (HCA - Free Report) , DaVita Inc. (DVA - Free Report) and Encompass Health Corporation (EHC - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
HCA Healthcare’s long-term earnings growth rate is expected at 12.3%.
DaVita’s long-term earnings growth rate is estimated at 14.4%.
Encompass Health’s long-term earnings growth rate is projected at 17.3%.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>