Medtronic (NYSE:MDT) touted new study results for its Resolute drug-eluting stents, the 1st with FDA indication for treatment of patients with diabetes.
In a 2-year follow up of patients with and without diabetes, the Resolute DES showed "consistently low event rates out to two years for both groups, despite the higher-risk nature of the diabetes patient population," according to a press release.
Rates of target lesion failure were 7.1% for patients without diabetes and 9.6% for patients with diabetes in a study pooling clinical trial results from 878 "standard risk" diabetes patients and 1,903 patients without diabetes.
Medtronic in February won FDA clearance for its Resolute Integrity DES to treat diabetic patients with coronary artery disease, which make up about ⅓ of the CAD population.
"They tend to have smaller and often tortuous arteries, longer lesions, diffuse disease and a higher rate of treatment failures including relatively high rates of repeat procedures and stent thrombosis," Medtronic told MassDevice at the time. "As a result, many of these patients have undergone open heart surgery."
MDT shares were down about 0.5% to $36.89 as of about 2:30 p.m. today.
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Analysts’ ups and downs
- CareFusion (NYSE:CFN): CLSA upgrades from "outperform" rating to "buy" rating, maintains $30 price target
- HeartWare International (NSDQ:HTWR): Cannacord Genuity reinstates "buy" rating
- Hospira (NYSE:HSP): Leerink Swann maintains "market perform" rating, $36 price target
- Siemens (NYSE:SI): Deutsche Bank upgrades to "buy" rating
- Uroplasty (NSDQ:UPI): Craig-Hallum maintains "buy" rating and $4.50 price target; Dougherty & Co. raises price target from $5 to $5.50, maintains "buy" rating; JMP Securities raises to $6 price target and upgrades to "market outperform" rating
