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-0.000523669878508558 -0.000733137829911952 -0.000523669878508558 -0.00397989107666522 -0.00345622119815666 -0.00356095517385844 -0.006284038542103 -0.006284038542103
Stock impact report

Getinge's surgical perfusion market exit ‘opens door' for LivaNova [Yahoo! Finance]

LivaNova PLC - Ordinary Shares (LIVN) 
Last livanova plc - ordinary shares earnings: 4/29 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: livanova.com
Company Research Source: Yahoo! Finance
GlobalData medical analyst Aidan Robertson says: “GlobalData expects LivaNova to maintain its dominance in the steadily expanding cardiopulmonary bypass equipment (CPBE) market and take advantage of the opportunity created by Getinge's exit.” Getinge unveiled plans in late January to phase out its surgical business, the company's unit responsible for manufacturing cardiopulmonary bypass devices. Getinge lost ground in the CPBE market in the wake of a US Food and Drug Administration (FDA) consent decree. In place since 2015, the agreement has barred the company from distributing certain devices in the US. “It has been a struggling category since then. So, small market share. It is a loss-making category for us as well. So, we don't feel that we are good owners of this anymore,” said Getinge's CEO Mattias Perjos in an earnings call last month. Roberston comments that: “Getinge's decision to let go of the CPBE market appears to be the proper choice based on its past performance. Show less Read more
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