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Blog Coverage St Jude Medical Receives FDA Clearance for its Cardiac Mapping System

Upcoming AWS Coverage on ZELTIQ Aesthetics Post-Earnings Results

LONDON, UK / ACCESSWIRE / December 16, 2016 / Active Wall St. blog coverage looks at the headline from St. Jude Medical, Inc. (NYSE: STJ) as the Company announced on December 15th, 2016, that it received FDA clearance for its EnSite Precision cardiac mapping system and also Advisor FL Circular Mapping Catheter, Sensor Enabled. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of St. Jude Medical's competitors within the Medical Appliances & Equipment space, ZELTIQ Aesthetics, Inc. (NASDAQ: ZLTQ), reported on November 09, 2016, its financial results for the third quarter 2016. AWS will be initiating a research report on ZELTIQ Aesthetics in the coming days.

Today, AWS is promoting its blog coverage on STJ; touching on ZLTQ. Get all of our free blog coverage and more by clicking on the links below:

http://www.activewallst.com/registration-3/?symbol=STJ

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St. Jude Medical stated that the new EnSite Precision cardiac mapping system is the latest addition to the company's electrophysiology portfolio. The EnSite Precision cardiac mapping system is based on the St. Jude Medical™ EnSite Velocity™ cardiac mapping system, which is utilized in more than 2,000 electrophysiology labs around the world. The EnSite AutoMap Module includes the new TurboMap feature, which will allow physicians to build a map of the heart 10 times faster than current systems using recorded data. St. Jude Medical expects this technology to be a new standard for patients experiencing arrhythmias from multiple origins in the heart.

St. Jude Medical noted that when physicians use catheter ablation to treat abnormal heart rhythm, a small area of heart tissue under the tip of the ablation catheter is heated by high-frequency energy, creating a lesion or tiny scar. As a result, this tissue is no longer capable of conducting or sustaining the arrhythmia. Cardiac mapping provides a live view of the heart so physicians can visualize and navigate cardiac anatomy to deliver more precise ablation therapy. The new EnSite Precision cardiac mapping system offers a new dual-technology platform that provides highly detailed anatomical models and maps to enable more efficient treatment of a wide range of arrhythmias — including complex arrhythmias, such as atrial fibrillation or ventricular tachycardia.

"Our new EnSite Precision cardiac mapping system was designed to give the physician a means to precisely navigate within the heart, provide higher density diagnostic data to better inform their diagnosis and allow them to use the tools that make sense for each individual patient and situation," said Dr. Srijoy Mahapatra, Vice President of clinical, medical and scientific affairs for St. Jude Medical, "The system's intelligent automation tools enable faster, more accurate high-density maps with greater consistency across cases, which are important factors in addressing the needs of today's EP labs."

Dividend

In a separate press release on December 10, 2016, St. Jude Medical announced that its Board of Directors declared a Q4 2016 dividend of $0.31 per common stock. This dividend amount is equal to the dividend paid during Q1, Q2, and Q3 of 2016 and brings the total dividend declared for the year to $1.24 per share. According to the Company, the dividend is payable on January 31, 2017, to shareholders of record at the close of business on January 13, 2017, provided that the Company's pending merger with Abbott Laboratories is not effective before the close of business on the record date.

Stock Performance

St. Jude Medical's stock is trading marginally up by 0.15%, closing Thursday's session at $79.88 on volume of 2.49 million shares, which was above the 3 months average volume of 2.36 million shares. The company's shares soared 31.10% since the beginning of the year. Additionally, the stock has rallied 30.83% in the last twelve months. The company's shares are trading at a PE ratio of 34.99 and have a dividend yield of 1.55%.

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SOURCE: Active Wall Street