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ABT Stock to Gain From Early CE Mark Approval of Volt PFA System
ZACKS· 2025-04-01 13:31
Core Insights - Abbott has received CE Mark approval for its Volt Pulsed Field Ablation (PFA) system, enabling the treatment of atrial fibrillation (AFib) patients in the European Union earlier than anticipated [1][4] - The Volt PFA system is expected to enhance Abbott's electrophysiology portfolio by allowing a single-catheter approach for mapping, pacing, and ablating, thus improving workflow and patient safety [5][6] - The global PFA market is projected to grow significantly, with a valuation of $913.1 million in 2024 and a compound annual growth rate of 33.1% through 2030, driven by technological advancements [7] Company Performance - Following the announcement of the Volt PFA system, Abbott's stock rose by 3.7%, closing at $131.35, reflecting positive market sentiment [2] - Abbott's market capitalization stands at $226.88 billion, with an earnings yield of 3.9%, significantly higher than the industry average of 0.3% [3] - Over the past year, Abbott's shares have increased by 18.4%, outperforming the industry growth of 9.3% [11] Clinical and Market Relevance - The Volt PFA system demonstrated a 99.1% success rate in achieving pulmonary vein isolation during clinical trials, requiring fewer energy applications compared to existing competitive systems [6] - The Volt PFA system addresses the needs of AFib patients, who face increased risks of stroke and heart failure, by providing a more effective treatment option [4]
New Late-Breaking Data Reinforce Benefits of Abbott's TriClip™ for People With Leaky Tricuspid Heart Valve
Prnewswire· 2025-03-31 13:00
Core Insights - Abbott's TriClip transcatheter edge-to-edge repair system shows significant and sustained improvements in treating tricuspid regurgitation (TR) after two years, reducing hospitalizations due to heart failure compared to medical therapy [1][6][7] - The TRILUMINATE Pivotal trial highlights the device's effectiveness in improving patients' quality of life and reducing the severity of TR [4][5][6] Group 1: Trial Results - The TRILUMINATE Pivotal trial demonstrated that after two years, TriClip therapy significantly reduced heart failure hospitalizations (HFH) compared to the control group, with rates of 0.19 vs. 0.26 events per patient-year [7] - 84% of patients treated with TriClip achieved a reduction in TR to moderate or less (grade ≤ 2), compared to only 21% in the control group [7] - Patients receiving TriClip experienced an average improvement of over 15 points in the Kansas City Cardiomyopathy Questionnaire (KCCQ) score, indicating enhanced quality of life [7] Group 2: Patient Impact - TriClip offers a viable treatment option for patients with severe TR who are not suitable candidates for surgery, improving their quality of life and reducing hospitalization risks [2][5] - The trial results reinforce the importance of TriClip in managing TR, allowing patients to reclaim their lives while minimizing the risk of heart failure [5][6] Group 3: Study Details - The TRILUMINATE Pivotal trial is the first randomized, controlled study comparing the safety and effectiveness of the TriClip system against medical therapy alone for severe TR [8] - The primary endpoint of the trial included all-cause mortality, tricuspid valve surgery, heart failure hospitalizations, and quality-of-life improvement as measured by the KCCQ score [8]
Why Abbott Laboratories Stock Leaped by Almost 4% on Thursday
The Motley Fool· 2025-03-27 22:54
Core Insights - Abbott Laboratories' stock experienced a nearly 4% increase due to positive news from Europe, outperforming the S&P 500 index which fell by 0.3% [1] Group 1: Product Announcement - Abbott received a CE mark in Europe for its Volt PFA System, designed to treat atrial fibrillation, a prevalent heart disorder [2] - The Volt PFA System utilizes pulsed field ablation technology, employing high-energy electrical pulses to target and treat problematic tissues [2] Group 2: Market Potential - The CE mark signifies compliance with health and safety standards necessary for products sold in the European Economic Area, which encompasses most of Europe [3] - Approximately 8 million individuals over the age of 65 in Europe are affected by atrial fibrillation, with projections indicating this number could double in the next 30 years [3] Group 3: Competitive Edge - Abbott positions the Volt PFA as a competitive product, with insights from first-generation devices incorporated to enhance the efficiency and simplicity of PFA procedures [4]
Abbott Receives CE Mark for its Volt™ Pulsed Field Ablation System to Treat Patients with Abnormal Heart Rhythms
Prnewswire· 2025-03-27 13:00
Core Insights - Abbott has received CE Mark approval for the Volt™ PFA System, enabling the treatment of atrial fibrillation (AFib) in Europe, with commercial cases already initiated [1][3] - The Volt PFA System is designed to improve the workflow of cardiac ablation procedures by utilizing a single-catheter approach, which allows for mapping, pacing, and ablating simultaneously [2][8] - The Volt PFA System demonstrated a 99.1% success rate in achieving pulmonary vein isolation (PVI) during clinical trials, outperforming existing competitive systems [3][10] Company Developments - Abbott has begun commercial use of the Volt PFA System in the EU, with plans for further expansion in the second half of the year [1] - Initial cases were performed by leading physicians in various European hospitals, indicating strong clinical interest and early adoption [3][4] - The Volt PFA System is part of Abbott's broader electrophysiology portfolio, which includes ongoing clinical studies and regulatory approvals for related technologies [11][12] Market Context - Approximately 8 million Europeans over 65 are currently living with AFib, a number projected to double in the next 30 years, highlighting a significant market opportunity for effective treatment solutions [2] - The Volt PFA System addresses limitations of existing PFA systems by providing enhanced visualization and navigation capabilities, which can lead to improved patient outcomes [6][10] - The integration of the Volt PFA System with Abbott's EnSite™ X EP system enhances procedural efficiency and accuracy, positioning Abbott favorably in the competitive landscape of electrophysiology [6][9]
Abbott Hosts Conference Call for First-Quarter Earnings
Prnewswire· 2025-03-26 13:00
Group 1 - Abbott will announce its first-quarter 2025 financial results on April 16, 2025, before the market opens [1] - A live webcast of the earnings conference call will take place at 8 a.m. Central time (9 a.m. Eastern) [1] - The archived edition of the call will be available later on the same day [1] Group 2 - Abbott is a global healthcare leader with a portfolio that includes diagnostics, medical devices, nutritionals, and branded generic medicines [2] - The company employs 114,000 colleagues and serves people in over 160 countries [2] - Abbott aims to help people live more fully at all stages of life [2]
ABT Stock to Gain From FDA IDE Approval for Its Coronary IVL System
ZACKS· 2025-03-25 14:20
Company Overview - Abbott has received FDA's investigational device exemption for its Coronary Intravascular Lithotripsy (IVL) system to treat severe calcification in coronary arteries prior to stenting, with a clinical trial enrolling up to 335 participants across 47 sites in the U.S. [1] - The investigational Coronary IVL technology enhances Abbott's existing vascular portfolio and aims to address challenges faced by current IVL systems [2] Stock Performance - Following the announcement, Abbott's shares increased by 0.7%, closing at $127.21, with a positive market sentiment expected around this development [3] - Abbott's market capitalization stands at $219.11 billion, with an earnings yield of 4.1%, significantly higher than the industry average of 0.3% [4] Industry Context - Coronary Artery Disease (CAD) affects over 20 million adults in the U.S., making it the most common heart disease, necessitating vessel interventions due to plaque buildup [5] - The global CAD market was valued at $22.07 billion in 2024 and is projected to grow at a compound annual growth rate of 8.9% through 2031, driven by rising CAD prevalence and increased funding for therapy research [7] Technological Advancements - Abbott's Coronary IVL System utilizes high-energy sound pressure waves to fracture calcium blockages in arteries, potentially improving vessel expansion and stent placement [5] - The company is exploring next-generation calcium modification technology in partnership with physicians to expand treatment options [6] Recent Developments - Abbott recently completed the world's first leadless left bundle branch area pacing procedures using the investigational AVEIR Conduction System, marking a significant advancement in treatment options for patients with slower-than-normal heart rhythms [10] - Over the past six months, Abbott's shares have risen by 10.4%, outperforming the industry's growth of 3.8% [11]
Watch These 5 AI-Powered Healthcare Bigwigs for Portfolio Gains
ZACKS· 2025-03-24 13:45
Core Insights - The medical sector is increasingly adopting artificial intelligence (AI) for drug synthesis, precise measurement, and faster diagnosis [1] - AI applications in healthcare are enhancing diagnostics, treatment, and operational efficiency, with a projected market value of $95.65 billion by 2025 [4] AI Applications in Healthcare - Generative AI and surgical robotics are being utilized in diagnostic settings to detect image abnormalities that may be missed by human eyes [2] - AI is also improving electronic health records, predictive analytics, and real-time alerting systems [2] Focus on Healthcare Giants - Five healthcare companies are highlighted for their extensive AI applications: Medtronic plc (MDT), Eli Lilly and Co. (LLY), Boston Scientific Corp. (BSX), Novartis AG (NVS), and Abbott Laboratories (ABT) [3][6] Company-Specific Insights Medtronic plc (MDT) - MDT is integrating AI into surgical systems and has developed an AI-powered surgical video management platform [8] - The GI Genius project enhances colorectal cancer detection, increasing survivability by identifying polyps [9] - Expected revenue and earnings growth rates for MDT are 3.4% and 5%, respectively [11] Eli Lilly and Co. (LLY) - LLY focuses on cardiometabolic health, neuroscience, oncology, and immunology, with a strong portfolio in diabetes treatment [12][13] - The company collaborates with OpenAI and invested $409 million in Genetic Leap for AI-driven drug discovery [14] - Expected revenue and earnings growth rates for LLY are 33% and 80.7%, respectively [15] Boston Scientific Corp. (BSX) - BSX is investing in AI-driven health IT solutions to enhance healthcare delivery and clinical outcomes [16] - The company is also focusing on AI-enhanced medical education tools and patient engagement solutions [17] - Expected revenue and earnings growth rates for BSX are 13.8% and 13.6%, respectively [18] Novartis AG (NVS) - NVS is applying AI in generative chemistry, AE brain, and AI nurse applications to innovate patient technologies [19][20] - Expected revenue and earnings growth rates for NVS are 4.1% and 8.5%, respectively [21] Abbott Laboratories (ABT) - ABT utilizes AI for advanced medical imaging and predictive algorithms for heart attack prevention [22] - The company holds a strong position in point-of-care testing across various healthcare areas [23] - Expected revenue and earnings growth rates for ABT are 5.7% and 10.3%, respectively [23]
Abbott Initiates New Intravascular Lithotripsy Clinical Trial to Improve Outcomes in Patients with Coronary Artery Disease
Prnewswire· 2025-03-24 13:00
Core Insights - The U.S. FDA has approved Abbott's investigational device exemption for its Coronary Intravascular Lithotripsy (IVL) System to treat severe calcification in coronary arteries prior to stenting [1] - The TECTONIC Coronary Artery Disease (CAD) clinical trial will enroll up to 335 participants across 47 sites in the U.S. [1] Industry Context - Coronary Artery Disease (CAD) is the most prevalent heart disease in the U.S., affecting over 20 million adults and being the leading cause of death [2][8] - CAD is characterized by plaque buildup in arteries, which obstructs blood flow and oxygen supply to the heart, necessitating vessel interventions [2] Company Overview - Abbott's Coronary IVL System utilizes high-energy sound pressure waves to fracture calcium blockages in arteries, potentially improving stent placement and vessel expansion [3][4] - The company aims to enhance treatment options for patients with severe calcification, which complicates standard interventions like angioplasty or stenting [4] - Abbott's existing vascular portfolio includes optical coherence tomography (OCT) technology for assessing coronary arteries and detecting calcium buildup [4][5] - The investigational Coronary IVL System is part of Abbott's broader strategy to advance calcium modification technology and improve treatment efficacy for coronary artery disease [5]
Abbott Laboratories Gains 12.7% in a Year: What's Driving the Stock?
ZACKS· 2025-03-17 15:16
Core Insights - Abbott Laboratories (ABT) has experienced a share price increase of 12.7% over the past year, outperforming the industry growth of 9% and the S&P 500's increase of 10% [1] - The company is recognized for its strong fundamentals and growth opportunities, currently holding a Zacks Rank 3 (Hold) [1] Business Segments - Abbott operates in four reportable segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Medical Devices [2] - The Established Pharmaceuticals Division includes branded generics in emerging markets, while the Medical Devices segment covers diabetes care, vision care, and vascular businesses [2] - The Diagnostics segment manufactures and markets diagnostic systems and tests across core laboratory, molecular, point of care, and rapid diagnostics [2] - The Nutrition business offers a wide range of pediatric and adult nutritional products [2] Growth Drivers - Abbott's share price growth is driven by strong prospects in the Core Diagnostics business, with increased global demand for routine diagnostics, particularly respiratory disease tests [3] - Rapid diagnostics sales (excluding COVID-19 testing) rose by 16% year over year, while Core Laboratory Diagnostics grew by 4% due to strong demand for various testing panels [4] - The FreeStyle Libre continuous glucose monitoring system has achieved global leadership, contributing to investor optimism as the company leverages consistent upgrades [5] - The Nutrition business reported 7.1% organic growth in Q4 2024, with adult nutrition products like Ensure and Glucerna showing strong demand and an 11.4% growth rate [6] Challenges - In Q4, Abbott faced an 8.5% increase in product costs, leading to a 55 basis point contraction in gross margin to 55% [7] - Selling, general, and administrative expenses rose by 6.7% year over year, resulting in a 43 basis point contraction in adjusted operating margin due to geopolitical issues and a challenging economic environment [7] - Abbott is also exposed to currency fluctuations, with a 1.4% unfavorable impact on sales year over year in Q4 2024 [8] Financial Estimates - The Zacks Consensus Estimate for Abbott's 2025 EPS remains at $5.15, with an earnings yield of 4.1%, significantly higher than the industry's 0.4% [9]
Abbott Stock Could Be On The Verge Of A Breakout - Here's What Smart Money Sees
Seeking Alpha· 2025-03-17 11:49
Core Insights - Abbott Laboratories (NYSE: ABT) is currently undervalued by the market despite its long-term strengths in the healthcare sector [1] - The stock has experienced a decline of 9.6% over the past 9 days, indicating short-term volatility [1] Company Analysis - Abbott Laboratories has been a consistent player in the healthcare industry, suggesting a stable operational history [1] - The recent market reaction does not reflect the company's potential for long-term growth and stability [1] Market Trends - The article highlights the importance of understanding market trends and data analysis to uncover investment opportunities [1] - Motti Sapir, the analyst, emphasizes the need for clear communication of financial data to aid investor decision-making [1]