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Stock impact report

ANGO Stock Up Post FDA Nod for Prostate Tissue Ablation With NanoKnife [Yahoo! Finance]

AngioDynamics, Inc. (ANGO) 
Last angiodynamics, inc. earnings: 4/7 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The clearance for the NanoKnife System for prostate tissue ablation follows the completion of the pivotal PRESERVE clinical study and submission of results to the FDA in September. It is worthwhile to note that the PRESERVE clinical study assessed the safety and effectiveness of the NanoKnife System for ablating prostate tissue in patients with intermediate-risk prostate cancer (PCa). The latest regulatory clearance is a significant stepping stone for AngioDynamics to strengthen its foothold in the prostate tumor treatment space. Following the announcement on Dec. 9, shares of the company gained nearly 23.3% till yesterday's trading. Historically, the company has gained a high level of synergies from its various positive study outcomes and regulatory clearances. We expect market sentiment on the stock to continue to remain positive around this announcement, too. AngioDynamics currently has a market capitalization of $350.7 million. Its P/S ratio of 1.20 is lower than the ind Show less Read more
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