Medtronic Launches First Rotation-Free PFA Catheter, Secures CE Mark in Europe
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: Newsfilter
- Technological Innovation: Medtronic's Sphere-360™ catheter has received CE Mark in Europe, marking a significant breakthrough in the treatment of paroxysmal atrial fibrillation, which is expected to enhance the company's competitiveness in the cardiac treatment market.
- Clinical Trial Launch: The catheter successfully completed its first cases in the Horizon 360 IDE pivotal trial in the U.S., demonstrating its efficacy and safety in clinical applications, potentially laying the groundwork for future market expansion.
- Design Advantages: The Sphere-360 catheter features an adjustable lattice design that accommodates anatomical variations in pulmonary veins, providing consistent treatment outcomes, thereby improving physician workflow efficiency and enhancing patient treatment experiences.
- Market Outlook: Medtronic is committed to maintaining its leadership in the PFA space; the launch of Sphere-360 not only enriches its product line but may also drive further innovation and development in cardiac treatment technologies.
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Analyst Views on MDT
Wall Street analysts forecast MDT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MDT is 111.76 USD with a low forecast of 102.00 USD and a high forecast of 120.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
11 Buy
9 Hold
0 Sell
Moderate Buy
Current: 100.790
Low
102.00
Averages
111.76
High
120.00
Current: 100.790
Low
102.00
Averages
111.76
High
120.00
About MDT
Medtronic Public Limited Company is an Ireland-based company, which provides healthcare technology solutions. The Company’s products category includes Advanced Surgical Technology; Cardiac Rhythm; Cardiovascular; Digestive & Gastrointestinal; Ear, Nose & Throat; General Surgery; Gynecological; Neurological; Oral & Maxillofacial; Patient Monitoring; Renal Care; Respiratory; Spinal & Orthopedic; Surgical Navigation & Imaging; Urological; Product Manuals; Product Ordering & Inquiries; and Product Performance & Advisories. Its products include Cardiac Implantable Electronic Device (CIED) Stabilization, Aortic Stent Graft Products, CareLink Personal Therapy Management Software, CareLink Pro Therapy Management Software. Its services and solutions include Ambulatory Surgery Center Resources, Care Management Services, Digital Connectivity Information Technology (IT) Support, Equipment Services and Support, Innovation Lab, Medtronic Healthcare Consulting, and Office-Based Sinus Surgery.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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