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Baxter's Actifuse Flow Bone Graft Substitute Gets FDA Nod

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Baxter's Actifuse Flow Bone Graft Substitute Gets FDA Nod

The latest FDA approval for Baxter's (BAX) Actifuse Flow bone graft is likely to boost its Advanced Surgery segment.

Baxter International Inc.’s BAX Actifuse Flow Bone Graft Substitute recently received FDA clearance. This development is expected to boost the company’s surgical portfolio under the Advanced Surgery business.

 

Following the announcement, the share price of Baxter inched up 0.8% to $74.52 at close. We believe such developments will provide cushion to the stock which has rallied 17.8% compared with the industry’s 18.6% rise in a year’s time.

 

The stock carries a Zacks Rank #3 (Hold).

 

 

About Actifuse

 

The Actifuse Flow Bone Graft Substitute is the latest addition to Baxter’s osteobiologics surgery portfolio, which also includes Actifuse ABX, Actifuse Shape, Actifuse MIS and Altapore. The Actifuse family of products has been designed to provide control of bone graft placement throughout the surgerical procedure. Management expects Actifuse to be useful in a variety of orthopedic surgeries in the pelvis, extremities and posterolateral spine.

 

However, management has confirmed that Actifuse Flow bone graft substitute has not been cleared for vertebroplasty.

 

Market Prospects

 

Per a study by Allied Market Research, the global bone graft and substitutes market is expected to reach $3,397 million by 2022, at a CAGR of 4.1%. Increase in incidence of bone and joint disorders and technological advancements in the medical field drive the market.

 

Thus, the latest development has been a well-timed one for the Illinois-based medical giant.

 

A Peek In to the Advanced Surgery Unit

 

Baxter’s surgical portfolio offers a wide range of devices and pharmaceuticals, including haemostats and sealants to transform surgical efficiency, safety and recovery.

 

In the last reported quarter, Baxter experienced double-digit growth in its Advanced Surgery business on solid international performance and the addition of RECOTHROM and PREVELEAK, which contributed $17 million.

 

In fact, Baxter expects Advanced Surgery revenues to grow 8% to 9% at constant currency in 2018.

 

Want More From the Industry?

 

A few better-ranked stocks from the Medical Products space are Surmodics, Inc. SRDX, ICU Medical, Inc. ICUI and Eagle Pharmaceuticals, Inc. EGRX.

 

Surmodics’ long-term earnings growth rate is projected at 10%. The stock flaunts a Zacks Rank #1 (Strong Buy). You can see  the complete list of today’s Zacks #1 Rank stocks here .

 

ICU Medical’s earnings growth rate for the current quarter is expected at 31.3%. The stock sports a Zacks Rank #1.

 

Eagle Pharmaceuticals has an expected earnings growth rate of 46% for the next quarter. The stock has a Zacks Rank #1.

 

More Stock News: This Is Bigger than the iPhone!

 

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. 

 

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

 

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Click here for the 6 trades >>Baxter International Inc.’s (BAX) Actifuse Flow Bone Graft Substitute recently received FDA clearance. This development is expected to boost the company’s surgical portfolio under the Advanced Surgery business.

Following the announcement, the share price of Baxter inched up 0.8% to $74.52 at close. We believe such developments will provide cushion to the stock which has rallied 17.8% compared with the industry’s 18.6% rise in a year’s time.

The stock carries a Zacks Rank #3 (Hold).

About Actifuse

The Actifuse Flow Bone Graft Substitute is the latest addition to Baxter’s osteobiologics surgery portfolio, which also includes Actifuse ABX, Actifuse Shape, Actifuse MIS and Altapore. The Actifuse family of products has been designed to provide control of bone graft placement throughout the surgerical procedure. Management expects Actifuse to be useful in a variety of orthopedic surgeries in the pelvis, extremities and posterolateral spine.

However, management has confirmed that Actifuse Flow bone graft substitute has not been cleared for vertebroplasty.

Market Prospects

Per a study by Allied Market Research, the global bone graft and substitutes market is expected to reach $3,397 million by 2022, at a CAGR of 4.1%. Increase in incidence of bone and joint disorders and technological advancements in the medical field drive the market.

Thus, the latest development has been a well-timed one for the Illinois-based medical giant.

A Peek In to the Advanced Surgery Unit

Baxter’s surgical portfolio offers a wide range of devices and pharmaceuticals, including haemostats and sealants to transform surgical efficiency, safety and recovery.

In the last reported quarter, Baxter experienced double-digit growth in its Advanced Surgery business on solid international performance and the addition of RECOTHROM and PREVELEAK, which contributed $17 million.

In fact, Baxter expects Advanced Surgery revenues to grow 8% to 9% at constant currency in 2018.

Want More From the Industry?

A few better-ranked stocks from the Medical Products space are Surmodics, Inc. (SRDX), ICU Medical, Inc. (ICUI) and Eagle Pharmaceuticals, Inc. (EGRX).

Surmodics’ long-term earnings growth rate is projected at 10%. The stock flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

ICU Medical’s earnings growth rate for the current quarter is expected at 31.3%. The stock sports a Zacks Rank #1.

Eagle Pharmaceuticals has an expected earnings growth rate of 46% for the next quarter. The stock has a Zacks Rank #1.

More Stock News: This Is Bigger than the iPhone! 

 

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. 

 

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. 

 

Click here for the 6 trades >>


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