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CRY - CryoLife Inc News Story

$20.86 -0.1  -0.6%

Last Trade - 12/08/20

Mid Cap
Market Cap £608.7m
Enterprise Value £738.7m
Revenue £197.6m
Position in Universe 2549th / 6376

BUZZ-Invacare, Merit Medical most exposed to coronavirus - Needham

Fri 28th February, 2020 1:39pm
** Brokerage Needham expects medical device makers Invacare
Corp  IVC.N  and Merit Medical Systems Inc  MMSI.O  to be hit
the most from coronavirus outbreak, given their products,
geographic exposure and balance sheets
    ** Medtronic Plc  MDT.N , IVC and Cryolife Inc  CRY.N  have
most sales exposure in China and Europe - where most coronavirus
cases have been reported - Needham 
    ** Brokerage says manufacturing of devices unlikely to be
hurt as few products are made in China  
    ** While many medical device makers buy at least some
components for products from China, brokerage says difficult to
gauge impact as little data available in public disclosures 
    ** Says Cantel Medical Corp  CMD.N , Genmark Diagnostics Inc
 GNMK.O , Masimo Corp  MASI.O  and Resmed Inc  RMD.N  products
could benefit from coronavirus
    ** CMD makes dental face masks, and GNMK, MASI and RMD make
products used to test and treat patients with respiratory
    ** Elective procedures could drop as hospitals focus on
coronavirus patients, impacting at least a dozen medical device
makers, brokerage says

 (Reporting by Vishwadha Chander in Bengaluru)
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