Medical Design and Outsourcing

  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
    • DeviceTalks Tuesdays
    • Digital Editions
    • eBooks
    • Manufacturer Search
    • Medical Device Handbook
    • MedTech 100 Index
    • Podcasts
    • Print Subscription
    • The Big 100
    • Webinars / Digital Events
    • Whitepapers
    • Video
  • 2022 Leadership in MedTech
    • 2022 Leadership Voting!
    • 2021 Winners
    • 2020 Winners
  • Women in Medtech

10 of the best performing medical device stocks of 2018

January 8, 2019 By Nancy Crotti

Abiomed: +73%

Impella-Abiomed

Impella CP [Image from Abiomed]

Abiomed (Nasdaq:ABMD) saw its stock soar to $325.04 per share by the end of the year after strong financial results. Its profits more than doubled year-over-year to about $140 million for the six months ended Sept. 30, following massive growth in profits for its full fiscal year 2018.

The company is the maker of Impella heart pumps —  a support system of percutaneous, catheter-based devices that offer hemodynamic support to people’s hearts. It spent more than $75 million on R&D during its most recent fiscal year, representing nearly 13% of its revenue.

Earlier this year, Abiomed announced approval of its Impella heart pump in India. It also issued plans to open a new $17 million innovation center near its Danvers, Mass. headquarters.

Wall Street isn’t entirely impressed with the company, though: Shares fell approximately 13.1% in mid-November 2018 despite the company announcing positive results from a pilot trial of its Impella CP heart pump that will clear the way for a pivotal trial that could nearly double the device’s total addressable market. Investors had higher hopes than the small pilot trial could provide, coupled with a broader selloff in medtech and disappointment that the pivotal trial will be delayed until the second half of 2019, Leerinck analyst Danielle Antalffy wrote in a letter to investors. She remains bullish on the company.

Abiomed invested $15 million in Shockwave Medical in December last year. The investment will help fund a collaboration between the two companies on a training and education program in the U.S. and Germany.

Next>>

You may also like:

  • 2018-big-100-r&d-spending
    These 10 medtech companies care a lot about research

  • The 20 largest medical device companies in the world

  • The 10 largest medtech employers of 2018 – and what…
Pages: 1 2 3 4 5 6 7 8 9 10 11

Related Articles Read More >

FDA logo
FDA can’t explain drop in device recalls, but experts point to COVID disruptions
CeQur Simplicity
CeQur is launching a discreet, convenient ‘wearable insulin pen’
Unsplash image of person typing health information into laptop with stethoscope on table
How safe is health information after the overturning of Roe?
Picture of SCOTUS Supreme Court building in Washington
How medical device companies are responding to abortion bans

DeviceTalks Weekly.

July 1, 2022
Boston Scientific CEO Mike Mahoney on building a corporate culture that drives high growth results
See More >

MDO Digital Edition

Digital Edition

Subscribe to Medical Design & Outsourcing. Bookmark, share and interact with the leading medical design engineering magazine today.

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
DeviceTalks

DeviceTalks is a conversation among medical technology leaders. It's events, podcasts, webinars and one-on-one exchanges of ideas & insights.

DeviceTalks

New MedTech Resource

Medical Tubing

Enewsletter Subscriptions

Enewsletter Subscriptions

MassDevice

Mass Device

The Medical Device Business Journal. MassDevice is the leading medical device news business journal telling the stories of the devices that save lives.

Visit Website
MDO ad
Medical Design and Outsourcing
  • MassDevice
  • DeviceTalks
  • MedTech 100 Index
  • Medical Tubing + Extrusion
  • Drug Delivery Business News
  • Drug Discovery & Development
  • Pharmaceutical Processing World
  • R&D World
  • About Us/Contact
  • Advertise With Us
  • Subscribe to Print Magazine
  • Subscribe to E-newsletter
  • Attend our Monthly Webinars
  • Listen to our Weekly Podcasts
  • Join our DeviceTalks Tuesdays Discussion

Copyright © 2022 WTWH Media, LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media LLC. Site Map | Privacy Policy | RSS

Search Medical Design & Outsourcing

  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
    • DeviceTalks Tuesdays
    • Digital Editions
    • eBooks
    • Manufacturer Search
    • Medical Device Handbook
    • MedTech 100 Index
    • Podcasts
    • Print Subscription
    • The Big 100
    • Webinars / Digital Events
    • Whitepapers
    • Video
  • 2022 Leadership in MedTech
    • 2022 Leadership Voting!
    • 2021 Winners
    • 2020 Winners
  • Women in Medtech