2014 medical device market value growth most cattle company TOP10
Investors' interest in medical devices and diagnostic devices has continued to heat up over the past three years. Fierce Medical Devices took stock of medical equipment and diagnostics with a valuation of more than $2 billion, listing the top 10 growth in market capitalization in 2014. Let's take a look: Why are these companies able to let the stock market fly.
Exact Sciences
Market value: $24 billion
2014 market value growth rate: 133%
In August 2014, the FDA approved the Cologuard molecular diagnostics business. The business was launched by Exact Sciences to diagnose colorectal tumors by non-invasive DNA sequencing. Subsequently, in October, the product was also eligible for medical coverage under the approval of the Medicare and Assistance Center CMS. “In the past three months, the company has undergone tremendous changes,†said CEO Kevin Conroy. “We will continue to tell doctors and patients in the clinic: Cologuard is a sensitive and non-invasive diagnostic methodâ€.
Edwards Lifesciences
Market value: $14.3 billion
2014 market value growth rate: 96%
The reason why Edwards Life Sciences was able to receive capital market recognition was the company's fist product, Sapien for transcatheter aortic valve replacement. In the third quarter of 2014, the number of patients undergoing transcatheter aortic valve replacement (TAVR) increased by 44%, and their sales in the United States reached $126 million. In addition, investors are very pleased that the company has received $750 million in patented melee seals from Medtronic: Edwards can obtain $40 million to $60 million in patent licenses from Medtronic each year by winning a patent lawsuit on TAVR surgery. usage fee. For the company's future growth, CEO Michael Mussallem hopes to persuade investors with numbers: In 2015, the company's Sapien products will increase annual sales revenue by 15% to 25%, with sales expected to be between $1 billion and $1.1 billion.
Illumina
Market value: $27.8 billion
2014 market value growth rate: 77%
As a leading company in gene sequencing , illumina attracted investors' attention in the third quarter of 2014 with sales of $481 million. This figure has increased by 35% compared to the same period last year. Illuminate CEO Jay Flatley attributed the growth to the sequencing systems HiSeq X Ten and NextSeq 500 and stated, “We will continue to innovate and together we will gain an increasing growth rate in genomicsâ€.
DexCom
Market value: $4.5 billion
2014 market value growth rate: 62%
DexCom didn't waste a minute or two on the continuous monitoring of blood sugar. The company's G4 Platinum device children's version was approved by the FDA in February. In October, DexCom took another step in Bluetooth transmission of blood glucose data, and the wireless G4 Platinum device received the green light from the regulator. In November, the company's new artificial pancreas algorithm on CGM devices was also approved by the FDA. According to the company's recent announcement, in 2014, the annual sales of unaudited production lines were 257 million US dollars, an increase of 64% over the previous year.
  Ke Hui Medical
Market value: 47.8 billion US dollars
2014 market value growth rate: 55%
For Ke Hui Medical, 2014 is the year of transformation. In the first quarter of the year, the Irish-based medical device company gained a good start: quarterly revenue rose 3% year-on-year to $22.6 billion. Then in March, the company acquired Given Imaging, a pharmaceutical endoscope company, for $860 million, and the stock market reached its peak at 52 weeks. However, this peak was quickly interrupted by Medtronic's offer: according to the terms of the acquisition, Kehui shareholders will have a 30% stake in the new company in the future, while Medtronic proposes a purchase price of $42.9 billion compared to the closing price on June 13. The premium is 33%. After experiencing the test of US tax law reform and the $30 million divestiture of the drug package balloon business to Spectranetics, the company's share price revived. However, this is probably the last time Ke Hui Medical appeared in the list of medical equipment companies.
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