Haemonetics Welcomes New FDA Guidance on Viscoelastic Testing During COVID-19 Pandemic

Rhea-AI Summary

Haemonetics Corporation (NYSE: HAE) supports the FDA's new guidance on viscoelastic testing during the COVID-19 pandemic. The company is modifying labeling for its TEG® 5000 and TEG® 6s hemostasis analyzers to enhance patient care. These analyzers provide critical insights into blood clotting, addressing coagulopathy associated with COVID-19, which can lead to severe complications. Haemonetics aims to optimize blood resource utilization while ensuring that healthcare professionals have access to necessary technologies during this crisis.

Positive

• Support for new FDA guidance on viscoelastic testing enhances credibility.
• Modification of TEG® product labeling may improve patient outcomes.
• TEG® analyzers recognized for their role in addressing COVID-19 related coagulopathy.

Negative

• None.

BOSTON, Jan. 22, 2021 /PRNewswire/ -- Haemonetics Corporation (NYSE: HAE) ("Haemonetics"), a global medical technology company focused on delivering innovative medical solutions to drive better patient outcomes, affirms its support of new guidance issued by the U.S. Food and Drug Administration (FDA) related to the use of viscoelastic testing for the duration of the public health emergency related to COVID-19. Haemonetics is working expeditiously on fulfilling the requirements to modify the indications for the TEG® 5000 and TEG® 6s hemostasis analyzers and all related assays by amending product labeling and instructions for use, in line with the FDA guidance. This will allow healthcare professionals to begin using TEG® products for improved patient care during the pandemic.

Haemonetics' TEG® 5000 and TEG® 6s hemostasis analyzers provide market leading viscoelastic tests. TEG® analyzers use whole blood, including platelets, and provide functional insights into the entire blood clotting process. For this reason, viscoelastic testing, such as the TEG® technology, has been recognized by the FDA as a potential adjunctive diagnostic to help better characterize COVID-19 associated coagulopathy (CAC) and to inform patient management, including personalized anticoagulation to reduce the risk of bleeding.

CAC is characterized by hypercoagulability resulting from increased blood clot formation and impaired fibrinolysis, or the body's ability to resolve blood clots. This condition is common among COVID -19 patients and can lead to potentially deadly complications, such as venous thromboembolism, pulmonary embolism or stroke.

"While leading symptoms of COVID-19 include fever, cough and shortness of breath, it has become apparent that blood coagulation and clotting issues play a critical role in this disease," said Jan Hartmann, MD, Haemonetics' VP Medical Affairs, Clinical Development & Medical Safety.

"COVID-19 is a healthcare and humanitarian crisis of unprecedented dimensions," said Stewart Strong, Haemonetics' President, Global Hospital. "As a market leader, we have worked closely with our partners at hospitals across the country to provide our support with tools to optimize use of scarce blood resources. We remain committed to making our innovative technologies available to healthcare professionals at the front line of fighting this pandemic."

About Viscoelastic Testing
Viscoelastic testing is used to analyze the ability of patients to form blood clots and to resolve them, and it provides holistic and unique insights beyond the information gained from conventional coagulation tests that each only look at one step in this process. This unique testing reviews the entire process, from the activation of the coagulation to the clot formation and ultimately to its resolution. In addition, viscoelastic testing uses whole blood from patients, as opposed to platelet-poor plasma like conventional tests, so it can provide more and valuable information, including about the contribution of platelets.

About Haemonetics
Haemonetics (NYSE: HAE) is a global healthcare company dedicated to providing a suite of innovative medical products and solutions for customers, to help them improve patient care and reduce the cost of healthcare. Our technology addresses important medical markets: blood and plasma component collection, the surgical suite and hospital transfusion services. To learn more about Haemonetics, visit www.haemonetics.com.

Investor Contact:	Media Contact:
Olga Guyette, Director-Investor Relations	Carla Burigatto, VP-Communications
(781) 356-9763	(781) 348-7263
olga.guyette@haemonetics.com	carla.burigatto@haemonetics.com

 

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SOURCE Haemonetics Corporation

FAQ

What is Haemonetics' response to the FDA's guidance on viscoelastic testing?

Haemonetics supports the FDA's guidance and is modifying the labeling of its TEG® analyzers to better serve healthcare professionals during the pandemic.

How do TEG® analyzers relate to COVID-19?

TEG® analyzers provide insights into coagulopathy associated with COVID-19, which can lead to severe complications such as venous thromboembolism.

What are the benefits of using viscoelastic testing during COVID-19?

Viscoelastic testing offers comprehensive insights into blood clotting, aiding in personalized anticoagulation management for COVID-19 patients.

What is the stock symbol for Haemonetics?

Haemonetics trades on the NYSE under the symbol HAE.