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January
21,
2009 -- 12:20pm EST
XIENCE V™ Stent Takes the Lead
In sharp
contrast to the current gloomy picture in the healthcare sector,
Abbott (NYSE: ABT) reported this morning that its 4th quarter
2008 global sales rose 10.1% over 2007, and that the company's
XIENCE
V
drug-eluting stent was a significant contributor to the bottom
line. The company stated: |
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Worldwide medical products sales increased
15.6 percent; with 58.9 percent growth in global vascular sales
driven by the continued success of the XIENCE V™ drug-eluting
stent (DES), which became the market-leading DES in the U.S.
during the fourth quarter.
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The XIENCE V was
approved by the FDA in July and is part of the new generation of stent
technology, which I characterized last May as "DES
2.0", composed not just of new stent technologies, like
XIENCE V and Medtronic's Endeavor, but a new way of looking at the
process of stenting: when
is it beneficial?, how to do it better?, how to verify proper placement?,
etc.
Interestingly enough, another company involved in DES
2.0 is Volcano. The
company doesn't
make stents, but innovates in imaging technologies like IVUS, OCT
and Volcano also has been reporting
double-digit growth, recently reporting a boost in sales
of its FFR functional measurement products, due in great part to the
striking results from the FAME trial. It seems that FFR (or Fractional
Flow Reserve) is becoming a hot property in its own right -- St. Jude
Medical just acquired Radi Systems, the other manufacturer of FFR
devices.
And more innovations will be coming: Abbott and others
are working on biodegradable stents that will completely disappear
when their work is done, Cardiac CT has made significant advances
in lowering the radiation dose without compromising image quality
and, in the near future, may be incorporating the ability to perform
perfusion measurement, currently the territory of the
nuclear stress test.
Clearly the word for the future in healthcare is cost-effectiveness (well,
okay, it's a hyphenated word...). But new technologies are going
to have to prove that they can reduce costs AND benefit patient care.
Of course, any advance in patient care will have the effect of reducing
costs down the road (less repeat procedures, less care needed for
chronic conditions, etc.).
Whether innovation
is enough to turn the economic tide, at least
in the device
industry,
is yet to be seen, but these
recent figures certainly are good news.
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