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Overview
AngioDynamics Inc is a Nasdaq-listed public company renowned for designing, manufacturing, and selling a broad portfolio of innovative medical devices that serve diverse clinical applications. With deep expertise in the fields of oncology, interventional radiology, and vascular surgery, the company focuses on the minimally invasive treatment of diseases such as peripheral vascular disorders and cancer. Industry-specific keywords such as "minimally invasive procedures", "diagnostic devices", and "interventional radiology" underscore the company’s commitment to technological innovation.
Core Business and Operations
The company operates by providing a comprehensive range of devices which include systems for radiofrequency ablation, vascular access, angiographic procedures, dialysis support, angioplasty, drainage, thrombolysis, embolization, and venous treatments. These products are designed for use in clinical settings by interventional radiologists, surgeons, and nephrologists. Through its diverse product line, AngioDynamics is able to offer end-to-end solutions that enhance procedural efficiency and patient outcomes. The revenue model primarily relies on direct sales to healthcare institutions, supported by a strong service network ensuring reliability and continued product support.
Market Position and Competitive Landscape
AngioDynamics has distinguished itself in a technologically competitive and high-growth industry. By investing in research and development, the company has maintained its ability to continuously bring forward new technologies and improve existing products. This commitment to innovation positions the company among notable competitors in the medical device industry. Its competitive differentiation stems from a consistent track record of product innovation, robust clinical performance, and strategic market presence. The company's market position is further bolstered by its focused approach to addressing specialized clinical needs and its ability to integrate advanced technological solutions into traditional treatment paradigms.
Product Portfolio and Technological Innovation
The product portfolio of AngioDynamics spans a wide range of medical device categories. From advanced radiofrequency ablation systems to precision surgical tools, the company leverages cutting-edge technology to develop devices that offer improved safety profiles and enhanced procedural outcomes. Emphasis on 'innovative technology' and 'minimally invasive procedures' highlights the company’s pursuit of excellence in device performance. Each product category is built on comprehensive clinical insights and a deep understanding of procedural requirements, ensuring that healthcare providers are equipped with devices that cater to their diagnostic and therapeutic needs.
Operational Excellence and Industry Expertise
AngioDynamics demonstrates operational excellence by aligning its product development with the evolving needs of healthcare providers. The company’s strategic focus on clinical innovation and rigorous quality control reflects its deep industry expertise and commitment to delivering reliable and effective medical solutions. Structured research programs, continuous product improvements, and a robust post-market support system underpin the company’s reputation for innovation and operational excellence. This integrated approach assists healthcare professionals in achieving improved outcomes while ensuring safety and compliance under constantly evolving medical standards.
Strategic Business Model and Value Proposition
Central to AngioDynamics' value proposition is the delivery of solutions that advance the standard of care in critical clinical procedures. The company’s business model is built around the continuous enhancement of product performance and the facilitation of minimally invasive therapeutic options. By maintaining a deep focus on quality and usability, AngioDynamics provides a reliable partnership for medical institutions seeking to integrate innovative device technologies. This strategic alignment with frontline clinical needs makes the company a noteworthy reference point for discussions on medical innovation, procedural efficiency, and enhanced patient care.
Industry Impact and Long-Term Relevance
With a rich history dating back to its founding in 1988, AngioDynamics has consistently contributed to medical advancements through its innovative product solutions. The company's impact on the healthcare industry is visible across multiple clinical areas, reinforcing its role as a significant player in medical technology. The enduring relevance of its products and the clarity of its market focus ensures that AngioDynamics remains a principal component in the discussion of medical device innovation and procedural technology. This comprehensive approach, combined with clear communication and expert-driven design, continues to shape the narrative around modern, efficient, and effective clinical practices.
AngioDynamics (NASDAQ: ANGO) has received FDA 510(k) clearance for its NanoKnife System for prostate tissue ablation following the successful completion of the PRESERVE clinical study. The pivotal study, which enrolled 121 patients across 17 clinical sites, demonstrated significant effectiveness with 84% of men being free from clinically significant disease at 12 months post-procedure.
The study showed impressive quality of life outcomes, with urinary continence preservation at 95.4% after 12 months and only a 9% decrease in erectile function. The NanoKnife System is the first non-thermal, radiation-free ablation technology for prostate tissue using IRE technology, offering a minimally invasive alternative to conventional treatments.
This clearance represents a significant milestone for treating prostate cancer, which affects approximately 1.5 million new patients annually worldwide.
AngioDynamics (NASDAQ: ANGO) has launched an international multi-center prospective registry study with University College London Hospital (UCLH) to evaluate the NanoKnife® System in treating unifocal intermediate-risk prostate cancer. The study aims to enroll 500+ patients worldwide to validate the system's safety and efficacy. The NanoKnife System offers a non-thermal alternative to conventional radical surgery or radiotherapy, designed to preserve vital structures and minimize impact on quality of life. In 2023, the UK's NICE upgraded the system's status from 'Research Only' to 'Special Arrangements', allowing broader hospital adoption while collecting additional data.
AngioDynamics, Inc. (NASDAQ: ANGO) announced that Irreversible Electroporation (IRE) has received CPT® Category I codes for treating lesions in the prostate and liver. This decision by the American Medical Association's CPT® Editorial Panel will facilitate reimbursement for healthcare providers performing IRE ablation procedures and expand access to the NanoKnife System for patients. The new codes will be effective, with physician Relative Value Units (RVUs) attached, on January 1, 2026.
The NanoKnife System uses IRE technology to destroy targeted cells without thermal energy by delivering high-voltage pulses. This minimally invasive treatment offers advantages over traditional surgery or thermal ablation techniques. The CPT® Category I status is a significant milestone for the NanoKnife System, highlighting the value of AngioDynamics' strategic investments in IRE technology.
AngioDynamics (NASDAQ: ANGO) reported financial results for Q1 FY2025, ending August 31, 2024. Net sales reached $67.5 million, a 1.1% increase year-over-year. Med Tech sales grew 8.7% to $28.0 million, while Med Device sales decreased 3.6% to $39.5 million. The company reported a GAAP loss per share of $0.31 and an adjusted loss per share of $0.11.
Key highlights include:
- Submission for FDA 510(k) clearance for NanoKnife's Prostate Tissue indication
- CE Mark Approval in Europe for the Auryon System
- Initiation of RECOVER-AV Clinical Trial in Europe for AlphaVac
For FY2025, AngioDynamics expects net sales between $282-$288 million, representing 4.2%-6.4% growth over FY2024 pro forma revenue. The company anticipates an adjusted EBITDA loss of $2.5 million to $0 and an adjusted loss per share of $0.38 to $0.42.
AngioDynamics, Inc. (NASDAQ: ANGO) has launched the RECOVER-AV clinical trial to evaluate the AlphaVac F18⁸⁵ System for treating acute, intermediate-risk pulmonary embolism (PE) in the European market. This multi-center, multi-national study follows the successful APEX-AV trial in the US, which showed significant improvements in right ventricular function and clot burden reduction.
The RECOVER-AV trial will enroll patients across up to 20 European hospital sites, focusing on the reduction of the right ventricular/left ventricular ratio and major adverse events. Patients will be followed for 12 months to assess functional outcomes. This study is significant given the higher prevalence and acuity of PE in Europe compared to the US.
The AlphaVac F18⁸⁵ System recently received CE Mark approval in Europe for non-surgical removal of thrombi or emboli from pulmonary arteries. The trial is led by renowned experts in vascular medicine and cardiology, supported by an international Scientific Advisory Board.
AngioDynamics (NASDAQ: ANGO), a medical technology company specializing in vascular health and cancer treatment, has announced its plans to release fiscal 2025 first quarter financial results on October 3, 2024, before the market opens. The company will host a conference call at 8:00 am ET on the same day to discuss the results. Investors can participate by dialing 1-877-407-0784 (domestic) or +1-201-689-8560 (international). A webcast will be available on the company's website, and a recording of the call can be accessed until October 10, 2024, using the passcode 13748896.
AngioDynamics (NASDAQ: ANGO) has received European CE Mark approval for its Auryon Atherectomy System, a revolutionary solid-state laser technology for treating Peripheral Artery Disease (PAD). This approval enables the company to enter the European market, expanding its reach in the global PAD market valued at $1.1 billion.
The Auryon System, which received FDA clearance in 2020, has already treated over 50,000 patients in the US. Clinical studies have shown its effectiveness in treating various lesion types with minimal vessel wall impact. The system uses a 355nm wavelength laser platform, allowing for targeted biological reactions without thermal ablation.
Recent studies, including the PATHFINDER registry, have demonstrated the system's safety and efficacy in treating complex PAD cases, showing significant improvements in patient outcomes.
AngioDynamics, Inc. (NASDAQ: ANGO), a leading medical technology company focused on vascular health and cancer treatment, has announced its participation in two upcoming investor conferences. The company will attend the 9th Annual Needham Virtual MedTech & Diagnostics 1x1 Conference on August 12, 2024, and present at the Canaccord Genuity 44th Annual Growth Conference on August 13, 2024, at 10:00 am.
Investors can access a live webcast of the Canaccord Genuity presentation through the 'Investors' section of AngioDynamics' website. These conferences provide an opportunity for the company to showcase its innovative medical technologies and engage with potential investors.
AngioDynamics reported its fiscal year 2024 Q4 and full-year results, showing pro forma net sales of $71.1 million for Q4 (1.9% YoY growth) and $270.7 million for FY2024 (5.3% YoY growth). The company's Med Tech segment saw strong growth, with Q4 sales up 11.3% YoY to $29.3 million. However, AngioDynamics reported a GAAP net loss of $13.4 million in Q4 and $184.3 million for the full year.
Key highlights include FDA clearance and CE Mark approval for the AlphaVac F18 System for pulmonary embolism treatment, a $15 million share repurchase program, and the completion of several strategic divestitures. The company also initiated a transition to a fully outsourced manufacturing model to drive efficiencies and cost savings.
For fiscal year 2025, AngioDynamics expects net sales between $282-$288 million, representing 4.2-6.4% growth over FY2024.
AngioDynamics, a medical technology company, will report its fiscal 2024 fourth-quarter and full-year financial results on July 16, 2024, before market open. The company focuses on restoring blood flow in the vascular system, expanding cancer treatments, and improving patient quality of life. A conference call to discuss the results will be held at 8:00 a.m. ET on the same day. Dial-in options are available for both domestic and international participants, and the call will be webcast on the AngioDynamics investor website. A replay will be accessible online and via phone until July 23, 2024.
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