Edwards Lifesciences Corp Stock Price, News & Analysis

Edwards Lifesciences has received FDA approval for the SAPIEN 3 transcatheter valve with Alterra adaptive prestent, enhancing treatment options for patients with severe pulmonary regurgitation. This innovative system combines the SAPIEN 3 valve and Alterra prestent to cater to variations in right ventricular outflow tract morphology, improving patient outcomes and reducing the need for multiple surgeries. The approval targets pediatric and adult patients requiring surgical valve replacement and is expected to significantly enhance quality of life.

Edwards Lifesciences hosted its annual investor conference, reaffirming its 2021 financial guidance and presenting a robust growth strategy for 2022. The company projects global sales of $5.5 - $6.0 billion, with TAVR sales expected to be $3.7 - $4.0 billion, reflecting a 12-15% growth. Edwards aims for substantial long-term expansion, targeting a global market opportunity of nearly $20 billion by 2028 across four product groups. With a focus on innovation and R&D, 17-18% of sales are allocated to research, underpinning confidence in double-digit growth ahead.

Edwards Lifesciences (NYSE: EW) announced promising results from the TRISCEND study, focusing on the EVOQUE transcatheter tricuspid valve replacement system. The six-month follow-up of 56 patients showed a significant reduction in tricuspid regurgitation (TR), with 100% achieving none/trace or mild TR. Other outcomes included 89% of patients in NYHA Class I or II and a survival rate of 96%. These findings were presented at the 33rd Transcatheter Cardiovascular Therapeutics conference, highlighting the potential of the EVOQUE system in treating high-risk patients.

Edwards Lifesciences (NYSE: EW) announced a cost-effectiveness analysis from the PARTNER 3 trial, revealing that transcatheter aortic valve replacement (TAVR) with the SAPIEN 3 valve is an economically dominant treatment compared to traditional surgery. The analysis, presented at the 33rd TCT symposium, indicated that TAVR could save over $2,000 per patient due to reduced hospital stays and follow-up costs, while improving quality-adjusted life expectancy. With a 95% probability of being highly cost-effective, this finding empowers both patients and cardiologists in treatment decisions.

Edwards Lifesciences reported a 15% increase in Q3 sales to $1.3 billion, with TAVR sales also up 15% year-over-year, despite challenges from the Delta variant. The company maintains its full-year sales guidance of $5.2 to $5.4 billion and adjusted EPS guidance at $2.07 to $2.27. TMTT sales totaled $22 million, with expectations for significant market growth in the upcoming years. The company continues to invest in R&D, with expenses growing 22% to $238 million.

Edwards Lifesciences (NYSE: EW) is set to release its operating results for Q3 2021 on October 27, 2021, after market close. A conference call will follow at 5:00 p.m. ET to discuss the results. The company is recognized as a leader in innovations for structural heart disease and critical care monitoring, dedicated to improving patient outcomes.

Edwards Lifesciences reported Q2 2021 sales of $1.4 billion, a 49% increase year-over-year, with TAVR sales up 52% to $902 million. Adjusted EPS reached $0.64. The company raised its full-year sales guidance to $5.2-$5.4 billion from $4.9-$5.3 billion. Continued advancements in five pivotal trials for TMTT were noted, with a market opportunity projected to triple by 2025. Free cash flow was reported at $457 million. Edwards remains optimistic about long-term growth driven by increasing adoption of its innovative therapies.

Edwards Lifesciences (NYSE: EW) announced positive clinical and economic results from the 3M Transcatheter Aortic Valve Replacement (TAVR) Economic Study and the PARTNER 3 Bicuspid Registry at TVT 2021. The 3M-TAVR study indicated reduced hospitalization costs by $10,843 per patient and cumulative savings of $11,305 within 30 days compared to traditional TAVR. The PARTNER 3 study showed similar clinical outcomes for low-risk patients with bicuspid versus tricuspid aortic valves. Both studies support TAVR's efficiency and highlight its potential to save healthcare costs.

Edwards Lifesciences (NYSE: EW) will announce its operating results for Q2 2021 on July 29, 2021, after market close. A conference call is scheduled for 5:00 p.m. ET the same day to discuss these results. Interested participants can join the call at (877) 704-2848 or (201) 389-0893, with an audio replay available for 72 hours. The call will also be streamed live or archived on the Investor Relations section of the Edwards website.