We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NuVasive (NUVA) Completes First COHERE XLIF Case in U.S.
Read MoreHide Full Article
In line with its expectation to launch COHERE XLIF in the United States by the second quarter of 2019, NuVasive, Inc. recently announced the first case using this technology. Cohere XLIF is the first-of-its-kind lateral implant for XLIF (eXtreme Lateral Interbody Fusion) surgical procedure and lateral single-position surgery using Porous PEEK technology.
With this success, NuVasive’s Advanced Materials Science implant portfolio will be enhanced by the incorporation of Porous PEEK technology into its implants for lateral single-position surgery. This apart, the new spinal implant has now become integral to the ongoing NuVasive prospective multicenter study (announced in September 2018), evaluating the advanced implant technologies in XLIF procedures.
COHERE XLIF Prospects
NuVasive claims itself to be the only medical device company to offer porous interbody technology across both PEEK (Cohere and Coalesce) and titanium materials (Modulus implant family). Accordingly, it can cater to the wide spectrum of surgeons' needs and preferences for interbody implants.
Meanwhile, NuVasive’s Porous PEEK technology offers a three-dimensional architecture in conjunction with PEEK’s radiolucent properties. This technology, featured in Cohere implants, is designed to facilitate bone in-growth and claims to deliver improved early clinical outcomes over smooth PEEK and allograft implants.
In this regard, we note that last November, the company received the FDA’s 510 (k) clearance for its COHERE Porous PEEK implant to be used in eXtreme Lateral Interbody Fusion (XLIF) surgical spine procedures.
Market Potential
Per a report by Becker’s Spine Review, the global minimally-invasive spine surgery market is projected to see a CAGR of 7.6% between 2017 and 2021. According to a Technavio report, the global spinal implants market is likely to witness a CAGR of roughly 6% in the 2016-2020 period.
Given the current market prospects, we believe, the company is on the right track to gain traction. We also believe that an ageing population, unhealthy lifestyle, rising awareness and expenditure in healthcare will continue to drive growth for the technology in this minimally-invasive spine surgery market.
A Glimpse of the U.S. Spinal Hardware Business
In the recently reported quarter, revenues at the U.S. Spinal Hardware business increased around 7% to $146.1 million, attributable to the launches of modular 3D printed titanium implants for TLIF and XLIF, Porous PEEK offerings, the expanded PLF implant suite and RELINE Small Stature in the United States. The latest technological development is anticipated to lend an impetus to the company’s revenue contribution from the segment.
Share Price Movement
Over the past year, NuVasive has underperformed its industry. The stock has gained 4.2% compared with the industry’s 14.2% rise.
Zacks Rank and Key Picks
Currently, NuVasive carries a Zacks Rank of #4 (Sell).
Stryker’s long-term earnings growth rate is projected to be 10%
Penumbra’s long-term earnings growth rate is estimated at 20.9%.
Varian’s long-term earnings growth rate is forecast at 8%.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
Image: Bigstock
NuVasive (NUVA) Completes First COHERE XLIF Case in U.S.
In line with its expectation to launch COHERE XLIF in the United States by the second quarter of 2019, NuVasive, Inc. recently announced the first case using this technology. Cohere XLIF is the first-of-its-kind lateral implant for XLIF (eXtreme Lateral Interbody Fusion) surgical procedure and lateral single-position surgery using Porous PEEK technology.
With this success, NuVasive’s Advanced Materials Science implant portfolio will be enhanced by the incorporation of Porous PEEK technology into its implants for lateral single-position surgery. This apart, the new spinal implant has now become integral to the ongoing NuVasive prospective multicenter study (announced in September 2018), evaluating the advanced implant technologies in XLIF procedures.
COHERE XLIF Prospects
NuVasive claims itself to be the only medical device company to offer porous interbody technology across both PEEK (Cohere and Coalesce) and titanium materials (Modulus implant family). Accordingly, it can cater to the wide spectrum of surgeons' needs and preferences for interbody implants.
Meanwhile, NuVasive’s Porous PEEK technology offers a three-dimensional architecture in conjunction with PEEK’s radiolucent properties. This technology, featured in Cohere implants, is designed to facilitate bone in-growth and claims to deliver improved early clinical outcomes over smooth PEEK and allograft implants.
In this regard, we note that last November, the company received the FDA’s 510 (k) clearance for its COHERE Porous PEEK implant to be used in eXtreme Lateral Interbody Fusion (XLIF) surgical spine procedures.
Market Potential
Per a report by Becker’s Spine Review, the global minimally-invasive spine surgery market is projected to see a CAGR of 7.6% between 2017 and 2021. According to a Technavio report, the global spinal implants market is likely to witness a CAGR of roughly 6% in the 2016-2020 period.
Given the current market prospects, we believe, the company is on the right track to gain traction. We also believe that an ageing population, unhealthy lifestyle, rising awareness and expenditure in healthcare will continue to drive growth for the technology in this minimally-invasive spine surgery market.
A Glimpse of the U.S. Spinal Hardware Business
In the recently reported quarter, revenues at the U.S. Spinal Hardware business increased around 7% to $146.1 million, attributable to the launches of modular 3D printed titanium implants for TLIF and XLIF, Porous PEEK offerings, the expanded PLF implant suite and RELINE Small Stature in the United States. The latest technological development is anticipated to lend an impetus to the company’s revenue contribution from the segment.
Share Price Movement
Over the past year, NuVasive has underperformed its industry. The stock has gained 4.2% compared with the industry’s 14.2% rise.
Zacks Rank and Key Picks
Currently, NuVasive carries a Zacks Rank of #4 (Sell).
Some better-ranked stocks in the broader medical space are Stryker Corporation (SYK - Free Report) , Penumbra, Inc., (PEN - Free Report) and Varian Medical Systems, Inc , each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Stryker’s long-term earnings growth rate is projected to be 10%
Penumbra’s long-term earnings growth rate is estimated at 20.9%.
Varian’s long-term earnings growth rate is forecast at 8%.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>