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 Launches Reline 3D for Pediatric Patients Globally
Read MoreHide Full Article
NuVasive recently announced the global commercial launch of its Reline 3D posterior fixation system. This system will cater to patients with pediatric spinal deformities.
This latest launch is part of the existing Reline System product line and will broaden NuVasive’s complex spine portfolio.
Reline 3D at a Glance
The Reline 3D system is used for the treatment of adolescent idiopathic scoliosis (AIS). It involves intricate surgical techniques to tackle three-dimensional deformity present in the spine. The technique combines multi-step, single-plane correction, into one holistic procedure helping surgeons to overcome operating room inefficiencies.
Traditionally, three-dimensional spinal deformities in pediatrics have been addressed by treating the coronal, sagittal, and axial planes separately. Reline 3D however, is designed to provide simultaneous, three-dimensional deformity correction, through a simplified procedure, offering surgeons versatility without sacrificing a reproducible surgical experience.
Other than Reline 3D, NuVasive’s Reline System portfolio has products like Reline Open, Reline MAS, Reline Trauma and Reline Small Stature.
At present, Reline 3D is commercially available in the United States and European markets. It is expected to be launched in other countries next year.
Attractive Prospects
Going by a NCBI study, AIS treatment occupies a large portion of the spinal deformity fixation space as it is the most common type of scoliosis, affecting 2%–4% of adolescents. This mainly involves children between 10 and 18 years of age.
NuVasive believes that with the launch of Reline 3D, it will be able to better address the AIS patient population.
A Peek Into NuVasive’s Global Spine Business
According to NuVasive, the International region holds tremendous growth opportunity for the company. In the last-reported quarter, despite coronavirus-led market disasters, the company registered international revenue growth of 4.1% year over year at CER. This was driven by mid-double-digit growth in Asia-Pacific, led by Japan, where COVID-19 impact was nominal in this period. Europe too delivered low single-digit net sales growth. Other regions continued to experience decent volumes through March.
The company looks forward to expanding NuVasive spine and specialized orthopedic portfolios globally beyond pediatric.
Price Performance
Over the past six months, NuVasive has underperformed its industry. The stock has lost 25.1% against the industry's 9.6% decline.
Zacks Rank & Key Picks
NuVasive currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader medical space are Quest Diagnostics Incorporated (DGX - Free Report) , Hologic, Inc. (HOLX - Free Report) and QIAGEN N.V. (QGEN - Free Report) .
Hologic’s long-term earnings growth rate is estimated at 7%. The company presently has a Zacks Rank #2.
QIAGEN’s long-term earnings growth rate is estimated at 12.2%. It currently sports a Zacks Rank #1.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Image: Bigstock
NuVasive Launches Reline 3D for Pediatric Patients Globally
NuVasive recently announced the global commercial launch of its Reline 3D posterior fixation system. This system will cater to patients with pediatric spinal deformities.
This latest launch is part of the existing Reline System product line and will broaden NuVasive’s complex spine portfolio.
Reline 3D at a Glance
The Reline 3D system is used for the treatment of adolescent idiopathic scoliosis (AIS). It involves intricate surgical techniques to tackle three-dimensional deformity present in the spine. The technique combines multi-step, single-plane correction, into one holistic procedure helping surgeons to overcome operating room inefficiencies.
Traditionally, three-dimensional spinal deformities in pediatrics have been addressed by treating the coronal, sagittal, and axial planes separately. Reline 3D however, is designed to provide simultaneous, three-dimensional deformity correction, through a simplified procedure, offering surgeons versatility without sacrificing a reproducible surgical experience.
Other than Reline 3D, NuVasive’s Reline System portfolio has products like Reline Open, Reline MAS, Reline Trauma and Reline Small Stature.
At present, Reline 3D is commercially available in the United States and European markets. It is expected to be launched in other countries next year.
Attractive Prospects
Going by a NCBI study, AIS treatment occupies a large portion of the spinal deformity fixation space as it is the most common type of scoliosis, affecting 2%–4% of adolescents. This mainly involves children between 10 and 18 years of age.
NuVasive believes that with the launch of Reline 3D, it will be able to better address the AIS patient population.
A Peek Into NuVasive’s Global Spine Business
According to NuVasive, the International region holds tremendous growth opportunity for the company. In the last-reported quarter, despite coronavirus-led market disasters, the company registered international revenue growth of 4.1% year over year at CER. This was driven by mid-double-digit growth in Asia-Pacific, led by Japan, where COVID-19 impact was nominal in this period. Europe too delivered low single-digit net sales growth. Other regions continued to experience decent volumes through March.
The company looks forward to expanding NuVasive spine and specialized orthopedic portfolios globally beyond pediatric.
Price Performance
Over the past six months, NuVasive has underperformed its industry. The stock has lost 25.1% against the industry's 9.6% decline.
Zacks Rank & Key Picks
NuVasive currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader medical space are Quest Diagnostics Incorporated (DGX - Free Report) , Hologic, Inc. (HOLX - Free Report) and QIAGEN N.V. (QGEN - Free Report) .
Quest Diagnostics’ long-term earnings growth rate is projected at 7.6%. It currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Hologic’s long-term earnings growth rate is estimated at 7%. The company presently has a Zacks Rank #2.
QIAGEN’s long-term earnings growth rate is estimated at 12.2%. It currently sports a Zacks Rank #1.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>