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Stock impact report

SRDX Stock Down Despite FDA Clearance for Pounce XL System [Yahoo! Finance]

Surmodics, Inc. (SRDX) 
Last surmodics, inc. earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: surmodics.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
Following the regulatory clearance, the Pounce Thrombectomy Platform can now likely be used to remove clots from peripheral arteries ranging from 2mm to 10 mm in diameter. Surmodics expects to initiate a limited market release for the Pounce XL Thrombectomy System in the first half of 2025, with commercialization planned following the completion of the limited market release. The latest FDA approval for the Pounce XL Thrombectomy System is expected to significantly boost Surmodics' thrombectomy business and solidify its foothold in the niche space. Likely Trend of SRDX Stock Following the News Following the announcement yesterday, shares of the company moved nearly 0.9% south to $38.41 at yesterday's close. Historically, the company has gained a high level of synergies from its regulatory approvals and product launches. Although the latest regulatory clearance is likely to be beneficial for SRDX's top-line growth going forward, the stock declined, continuing its downtrend si Show less Read more
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