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Stock impact report

NVNO Completes Application for VenoValve's PMA, Shares Likely to Gain [Yahoo! Finance]

ResMed Inc. (RMD) 
Last resmed inc. earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
in addressing unmet needs in the treatment of Chronic Venous Insufficiency (CVI). As a breakthrough-designated device, VenoValve aims to treat severe CVI by restoring proper blood flow and alleviating debilitating symptoms like leg swelling, pain, and venous ulcers. With approximately 2.5 million candidates for the device annually in the U.S., FDA approval could position enVVeno at the forefront of transforming the standard of care for venous disease. Subsequent to the news, the share price of NVNO dropped 5.5% to $3.41 yesterday. Although the shares are southbound, the latest development is likely to boost the company's bioprosthetic (tissue-based) solutions business. The company is gaining positive market acceptance for its progress with the treatment of CVI. The latest development is the fifth and final module of the FDA application containing favorable clinical data. The previous four modules had already been reviewed and approved by the FDA. Accordingly, the latest submissi Show less Read more
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