Upcoming Conferences, Preliminary Study Results, Purchase Agreements, Acquisitions, and Innovative Technologies - Analyst Notes on Intuitive Surgical, St. Jude Medical, Varian, Volcano and Masimo
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NEW YORK, May 30, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Intuitive Surgical, Inc. (NASDAQ: ISRG), St. Jude Medical Inc. (NYSE: STJ), Varian Medical Systems Inc. (NYSE: VAR), Volcano Corporation (NASDAQ: VOLC) and Masimo Corporation (NASDAQ: MASI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3113-100free.
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Intuitive Surgical, Inc. Analyst Notes
Intuitive Surgical, Inc. (Intuitive Surgical) posted on their events page that it will be making an attendance at the Goldman Sachs Healthcare Conference which will be held on June 11, 2014 at Los Angeles, California, US. The event is scheduled to begin at 10:40 a.m. PT. Additional information/updates regarding the said event will be made available through Intuitive Surgical's website. The full analyst notes on Intuitive Surgical are available to download free of charge at:
http://www.analystsreview.com/ISRG.pdf/Register
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St. Jude Medical Inc. Analyst Notes
On May 22, 2014, St. Jude Medical Inc. (St. Jude Medical) announced preliminary results from the EnligHTN III Study, an international, non-randomized clinical trial. Results showed that the second-generation EnligHTN™ renal denervation system provided safe and effective therapy for patients with drug-resistant, uncontrolled hypertension six months post-procedure. "St. Jude Medical is encouraged by the positive clinical results we're seeing from our renal denervation studies," said Dr. Mark D. Carlson, CMO for St. Jude Medical. "We have a long history of advancements in ablation technologies and have used our internal product development capabilities to optimize our multi-electrode renal denervation technology. We believe this therapy has the potential to dramatically improve the lives of millions of patients with severe high blood pressure and will continue to invest in renal denervation as a potential long-term growth driver." The full analyst notes on St. Jude Medical are available to download free of charge at:
http://www.analystsreview.com/STJ.pdf/Register
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Varian Medical Systems Inc. Analyst Notes
On May 27, 2014, Varian Medical Systems Inc. (Varian) announced that it has signed a purchase agreement with YoungLin Healthcare Foundation, under which the Company will provide ProBeam® proton therapy system for deployment at the National Taiwan University in Taipei. Varian said that as per the agreement, it will provide the technology to equip three treatment rooms, two with gantries that rotate around the patient and one as a fixed-beam room. In addition to the ProBeam system, Varian will provide its ARIA® information management and Eclipse™ treatment planning software products. The agreement is valued at approximately $100 million including long-term operations and maintenance services. The Company expects to book the equipment portion of this order during FY 2014 while equipment installation is expected to take place in mid-2017, with patient treatments expected to begin in H2 2018. The full analyst notes on Varian are available to download free of charge at:
http://www.analystsreview.com/VAR.pdf/Register
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Volcano Corporation Analyst Notes
On May 27, 2014, Volcano Corp. (Volcano) announced that it has signed an agreement for the acquisition of AtheroMed, Inc., a privately-held company that has developed the Phoenix® Atherectomy System used in the treatment of peripheral artery disease (PAD). Under the terms of the agreement, Volcano will make a payment of $115.0 million in cash at closing; plus a $15 million milestone payment if a Phoenix device currently before the FDA receives clearance by November 15, 2014. Scott Huennekens, President and CEO said, "We believe the potential of Phoenix to both grow the atherectomy market and achieve a strong market share position will facilitate our revenue, gross margin and operating income expansion goals." The Company expects the transaction to close in the current quarter. The full analyst notes on Volcano are available to download free of charge at:
http://www.analystsreview.com/VOLC.pdf/Register
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Masimo Corporation Analyst Notes
On May 21, 2014, Masimo Corp. (Masimo) reported that the Centers for Medicare & Medicaid Services (CMS) has issued an updated guidance for hospital medication administration which will be made effective immediately. The updated guidance, which "strongly encouraged" hospitals to review best practices from safety organizations, aims to reduce preventable deaths or serious adverse events related to intravenous (IV) opioid medications and blood transfusions. The Company introduced the Masimo Patient SafetyNet™ which has been clinically shown to reduce preventable and costly rescue events, transfers to intensive care units, and deaths related to opioid-induced respiratory depression. "Masimo's noninvasive and continuous monitoring technologies have been shown to help clinicians safely and effectively monitor patients in the OR and medical-surgical floors," said Dr. Steve Barker, M.D., Ph.D., Chairman of the Scientific Advisory Board of Masimo. "Patient SafetyNet and SpHb, in particular, can equip caregivers with the right tools to meet new CMS guidance to improve patient safety and outcomes, while also reducing the cost of care." The full analyst notes on Masimo are available to download free of charge at:
http://www.analystsreview.com/MASI.pdf/Register
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