2024-02-14 13:27:48 ET
Summary
- Edwards Lifesciences achieved 13% organic revenue growth and received FDA approval for their EVOQUE tricuspid valve replacement system.
- The company plans to spin off its low-growth Critical Care business to focus on the rapidly expanding structural heart market.
- Edwards Lifesciences anticipates revenue growth of 8 to 10 percent in FY24, driven by the launch of EVOQUE and efforts to secure national coverage determination for Medicare patients.
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Edwards Lifesciences: EVOQUE FDA Approval; Critical Care Spin-Off (Rating Maintained)