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CryoLife Inc. Message Board

  • thebuckeye777 thebuckeye777 Oct 14, 2013 3:26 PM Flag

    What is your Value on Valve Exchange?

    dlhild, if you are short that is a huge mistake! Valve Exchange could have the best heart valve in the world! If that is the case, then CRY's interest in Valve Exchange could be worth more than the current market value of CRY.

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    • RE Market potential ? The Sapien transcatheter HEART VALVE made by Edwards Lifesciences Corp. Source: Edwards Lifesciences Corp via Bloomberg

      Abbott Laboratories and Johnson & Johnson, pursuing a potential $2 billion market for HEART valves that don’t require rib-cracking surgery, are shopping for companies with the new technology.

      It would seem to makes sense given CRY's size to partner with someone like STJ and other related to ultimately get FDA approval.

    • dlhild@ymail.com dlhild Oct 14, 2013 10:17 PM Flag

      You follow Valve Exchange closer than I do, so I will make this admission up front. I don't spend much time on it because IMO it is a distant and uncertain revenue stream. As I understand things, CRY is attempting to obtain CE Mark approval for Valve Exchange. Even if they should obtain this in 2014/2015, I just don't see it as a major revenue stream. First, it has to gain market acceptability. Also, the European market is fragmented by country. Hence, under any circumstances it is difficult to make money there. In addition, the Euro-zone has yet to implode. It will, it is just a matter of time. The Euro-zone is flawed by design, because the member countries lack a currency mechanism to adjust for the relative competitiveness of member countries. In order to make money with this product, CRY must first obtain FDA approval. IMO FDA approval will likely take years, at least 3-4 years if ever. Also, what sort of margins and volumes would this product have? If CRY doesn't do better than they do with the rest of their tissue lines, the product would not have the margins needed to make it very profitable. Also, how do you know it is perhaps the best valve in the world? That has to be just a pure guess on your part. SA may have said something to this effect to you, but I would take anything SA said with a grain of salt. Finally, if or when this product would ever be approved is so far into the future that I have no idea what the medical system will look like, what valuations will look like, or if the dollar is still even the reserve currency of the world. If congress doesn't get their act together and come up with a prudent fiscal policy that is coordinated with monetary policy, the US may be a Banana Republic by the time this valve gets approved.

      Do you own due diligence.

 
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