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These 10 medtech companies care a lot about research

November 29, 2017 By Chris Newmarker

2. Spectranetics

Stellarex Spectranetics research

Stellarex drug-coated angioplasty balloon [Image courtesy of Spectranetics]

R&D spend: $67.5 million

Percent of revenues: 24.9%

2017 overall revenue rank: 92

Spectranetics’s devices portfolio includes catheters designed to treat coronary and peripheral artery disease – as well as remove implanted pacemaker and ICD leads.

The company also touts its Stellarex drug-coated angioplasty balloon, which includes EnduraCoat technology that combines amorphous and small-to-large crystalline paclitaxel with polyethylene glycol (PEG) excipient. EnduraCoat enables efficient drug transfer, effective tissue residency, high coating durability and minimal particulate loss, according to Spectranetics (Colorado Springs, Colo.).

With the Spectranetics enjoying double-digit growth, the company became an attractive acquisition target for Royal Philips, which closed a $2.2 billion purchase of Spectranetics in August.

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About The Author

Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at cnewmarker@wtwhmedia.com.

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  • Home
  • Medical Device Business
    • Mergers & Acquisitions
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  • Applications
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    • Components
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