Haemonetics Announces Full Market Release for VASCADE MVP® XL Vascular Closure System

Rhea-AI Summary

Haemonetics (NYSE: HAE) has announced the full market release of its VASCADE MVP® XL mid-bore venous closure system in the United States. This new addition to the VASCADE® portfolio features:

- 58% more collagen and a larger disc than the VASCADE MVP® system
- Designed for procedures requiring 10-12F sheaths (up to 15F in outer diameter)
- Suitable for cryoablation, Pulsed Field Ablation (PFA), and Left Atrial Appendage Closure (LAAC)

The system has been available in a market release since June 2024, used by approximately 80 physicians at over 30 hospitals. Haemonetics aims to expand indications for larger access points through ongoing clinical trials.

Positive

• Full market release of VASCADE MVP® XL system in the U.S.
• Expanded product portfolio in the vascular closure market
• Positive feedback from market release
• Potential for broader indications through ongoing clinical trials

Negative

• None.

Insights

Medical Device Analyst

The full market release of Haemonetics' VASCADE MVP® XL vascular closure system marks a significant advancement in post-procedural care for complex cardiovascular interventions. The system's enhanced features, including 58% more collagen and a larger disc, address the growing demand for efficient closure solutions in procedures requiring larger sheaths.

This product launch strengthens Haemonetics' position in the vascular closure market, particularly in high-growth segments like cryoablation, Pulsed Field Ablation and Left Atrial Appendage Closure. The positive feedback from the release suggests strong market acceptance, which could translate to increased revenue streams for Haemonetics in the coming quarters.

Investors should note the potential for market share expansion and the ongoing clinical trials aimed at broadening indications, which could further drive adoption and sales growth in the long term.

Financial Analyst

The full market release of VASCADE MVP® XL represents a strategic move for Haemonetics to capitalize on the growing demand for advanced vascular closure devices. This product launch aligns with the company's focus on innovative solutions and could potentially drive revenue growth in its Interventional Technologies segment.

While specific financial projections are not provided, the expanded product portfolio and positive physician feedback suggest a favorable outlook for market penetration. Investors should monitor upcoming quarterly reports for indications of revenue impact and adoption rates. The ongoing clinical trials for broader indications could also create additional value and market opportunities in the future.

Overall, this development positions Haemonetics to strengthen its competitive edge in the vascular closure market, potentially leading to improved financial performance and shareholder value in the medium to long term.

BOSTON, Aug. 15, 2024 /PRNewswire/ -- Haemonetics Corporation (NYSE: HAE), a global medical technology company focused on delivering innovative solutions to drive better patient outcomes, today announced the full market release of its VASCADE MVP^® XL mid-bore venous closure system. The VASCADE MVP XL system is now available to U.S. hospitals as the newest addition to Haemonetics' VASCADE^® portfolio of vascular closure systems featuring an innovative collapsible disc technology and a proprietary resorbable collagen patch designed to promote rapid hemostasis.

The VASCADE MVP XL system utilizes 58% more collagen and a larger disc than the VASCADE MVP^® system, providing a robust closure solution for procedures requiring 10-12F sheaths (up to 15F in outer diameter) such as cryoablation or Pulsed Field Ablation (PFA) procedures and Left Atrial Appendage Closure (LAAC). VASCADE MVP XL has been available in a limited market release as of June 2024, and since then has been used by approximately 80 physicians at more than 30 hospitals, across multiple types of procedures.

"We received overwhelmingly positive feedback during our limited market release and we are excited to make VASCADE MVP XL available to physicians at all U.S. hospitals as soon as possible," said Stew Strong, President, Global Hospital at Haemonetics. "With our full market release underway and an ongoing clinical trial program to broaden the indications for this device to even larger access points, VASCADE MVP XL will complement our Interventional Technologies portfolio, and underscore our aspiration to be the go-to leader in vascular closure."

Haemonetics' current VASCADE portfolio also includes the VASCADE system, designed for "small-bore" femoral arterial and venous closure with standard 5-6/7F procedural sheaths, and the VASCADE MVP system, designed for "mid-bore" multi-access femoral venous closure with 6-12F ID procedural sheaths.

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. Haemonetics' Global Hospital business provides a range of solutions to address the needs of hospitals, including Interventional Technologies for electrophysiology and interventional cardiology, and Blood Management Technologies that include diagnostics to help inform treatment decisions, technologies to help avoid unnecessary allogeneic transfusions and solutions to help optimize management of blood products. To learn more about Haemonetics, visit www.haemonetics.com.

Cautionary Statement Regarding Forward-Looking Information
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements in this press release may include, without limitation, statements regarding plans and objectives of management for the operation of Haemonetics, including statements regarding potential benefits associated with the VASCADE MVP XL vascular closure system and Haemonetics' plans or objectives related to the commercialization of such product. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon Haemonetics' current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, product quality; market acceptance; the effect of global economic and political conditions; and the impact of competitive products and pricing. These and other factors are identified and described in more detail in Haemonetics' periodic reports and other filings with the U.S. Securities and Exchange Commission. Haemonetics does not undertake to update these forward-looking statements.

Investor Contacts:
Olga Guyette, Vice President-Investor Relations & Treasury	David Trenk, Manager-Investor Relations
(781) 356-9763	(203) 733-4987
olga.guyette@haemonetics.com	david.trenk@haemonetics.com
Media Contact:
Josh Gitelson, Sr. Director-Global Communications
(781) 356-9776
josh.gitelson@haemonetics.com

 

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SOURCE Haemonetics Corporation

FAQ

What is the VASCADE MVP® XL vascular closure system by Haemonetics (HAE)?

The VASCADE MVP® XL is a mid-bore venous closure system designed for procedures requiring 10-12F sheaths. It features 58% more collagen and a larger disc than the previous VASCADE MVP® system, providing closure for larger access points in procedures like cryoablation, PFA, and LAAC.

When did Haemonetics (HAE) start the full market release of VASCADE MVP® XL?

Haemonetics announced the full market release of VASCADE MVP® XL on August 15, 2024, following a market release that began in June 2024.

How many physicians and hospitals used VASCADE MVP® XL during its release?

During the market release from June 2024, approximately 80 physicians at more than 30 hospitals used the VASCADE MVP® XL system across multiple types of procedures.

What are the potential future developments for VASCADE MVP® XL by Haemonetics (HAE)?

Haemonetics is conducting ongoing clinical trials to potentially broaden the indications for VASCADE MVP® XL to even larger access points, aiming to strengthen its position in the vascular closure market.