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FDA Nod for Edwards' Acumen HPI Software Widens Portfolio
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In a bid to strengthen its position in predictive analytics, Edwards Lifesciences Corporation (EW - Free Report) , has recently announced the approval of De Novo request from the FDA for the Acumen Hypotension Prediction Index (HPI) software. Notably, the company plans a targeted launch of the product in the United States.
This CE Marked, adjunctive predictive cardiovascular indicator as designated by the FDA, comes with the minimally invasive FloTrac IQ sensor. The advantage of Acumen HPI software is that it assists in improved decision making for high risk surgical patients using software algorithms to predict his/her future cardiovascular events through evaluation of cardiovascular vital signs. Furthermore, the Acumen HPI feature goes well with Edwards' minimally invasive, hemodynamic monitoring solutions.
A Glimpse of the Critical Care Business
The Critical Care portfolio includes pulmonary artery catheters, disposable pressure transducers and advanced monitoring systems. Aside from these, it has a line of balloon catheter-based products, surgical clips and inserts.
Critical care product group sales totaled $164.3 million in the fourth quarter of 2017, up 12.3% y/y (rose 10.9% on an underlying basis). Solid improvement across all product categories was driven by strong growth in the company's core products, mainly in the United States and China.
Also, the company aims to tighten its hold on the Critical Care technologies with the ongoing rollout of HemoSphere monitoring platform and the further expansion of Enhanced Surgical Recovery programs.
Market Potential
Per a report by Zion Market Research, the global predictive analytics market is expected to witness a CAGR of approximately 21% between 2016 and 2022. Thus, the latest development has come at an opportune time for the company to cash in on the bountiful opportunities in the high-potential niche market.
Price Performance
Over the past six months, Edwards’ shares have outperformed the industry it belongs to. The stock has rallied 26.4% compared with the industry’s 12.2% rise.
Zacks Rank & Other Key Picks
Edwards carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the broader medical sector are Bio-Rad Laboratories (BIO - Free Report) , athenahealth, Inc. and Varian Medical Systems, Inc. .
athenahealth is a Zacks #1 Ranked player. The company has a long-term expected earnings growth rate of 21.5%.
Varian Medical has a long-term expected earnings growth rate of 8%. The stock carries a Zacks Rank of 2.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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FDA Nod for Edwards' Acumen HPI Software Widens Portfolio
In a bid to strengthen its position in predictive analytics, Edwards Lifesciences Corporation (EW - Free Report) , has recently announced the approval of De Novo request from the FDA for the Acumen Hypotension Prediction Index (HPI) software. Notably, the company plans a targeted launch of the product in the United States.
This CE Marked, adjunctive predictive cardiovascular indicator as designated by the FDA, comes with the minimally invasive FloTrac IQ sensor. The advantage of Acumen HPI software is that it assists in improved decision making for high risk surgical patients using software algorithms to predict his/her future cardiovascular events through evaluation of cardiovascular vital signs. Furthermore, the Acumen HPI feature goes well with Edwards' minimally invasive, hemodynamic monitoring solutions.
A Glimpse of the Critical Care Business
The Critical Care portfolio includes pulmonary artery catheters, disposable pressure transducers and advanced monitoring systems. Aside from these, it has a line of balloon catheter-based products, surgical clips and inserts.
Critical care product group sales totaled $164.3 million in the fourth quarter of 2017, up 12.3% y/y (rose 10.9% on an underlying basis). Solid improvement across all product categories was driven by strong growth in the company's core products, mainly in the United States and China.
Also, the company aims to tighten its hold on the Critical Care technologies with the ongoing rollout of HemoSphere monitoring platform and the further expansion of Enhanced Surgical Recovery programs.
Market Potential
Per a report by Zion Market Research, the global predictive analytics market is expected to witness a CAGR of approximately 21% between 2016 and 2022. Thus, the latest development has come at an opportune time for the company to cash in on the bountiful opportunities in the high-potential niche market.
Price Performance
Over the past six months, Edwards’ shares have outperformed the industry it belongs to. The stock has rallied 26.4% compared with the industry’s 12.2% rise.
Zacks Rank & Other Key Picks
Edwards carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the broader medical sector are Bio-Rad Laboratories (BIO - Free Report) , athenahealth, Inc. and Varian Medical Systems, Inc. .
Bio-Rad Laboratories sports a Zacks Rank #1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The company has a long-term expected earnings growth rate of 20%.
athenahealth is a Zacks #1 Ranked player. The company has a long-term expected earnings growth rate of 21.5%.
Varian Medical has a long-term expected earnings growth rate of 8%. The stock carries a Zacks Rank of 2.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>