Drug Eluting Stents Vs. Bare Metals Stents Win Again
A new study funded by the Massachusetts Department of Public Health is showing further evidence to support the use of drug eluting stents over bare metal stents in heart attack patients. This study measured stent use specifically in diabetic patients. Drug-eluting stents showed improved outcomes as compared with bare metal stents in diabetics, and no excess adverse events were found with drug-eluting stents in diabetic patients. This data was reported by researchers at the American Heart Association’s Scientific Sessions 2008 in New Orleans. Some of the raw numbers appear marginal, but others are very impressive.
Drug-eluting stents reduced the risk of revascularization, heart attack and death in diabetics as compared with bare-metal stents in the largest observational comparison. The results were presented as a late-breaking clinical trial and is simultaneously published in circulation in the Journal of the American Heart Association.
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Stents Set Up For A Comeback (ABT, BSX, MDT, JNJ, SRDX, ANPI)
Abbott Laboratories (NYSE: ABT) announced after the close today, in a decision we have been waiting on for what feels like forever, that the FDA has approved for the company to begin marketing its XIENCE drug-eluting coronary stent systems.
Boston Scientific (NYSE: BSX) will get to sell basically the same exact stent under a different name. Boston Scientific also has the old Taxus stent. Angiotech (NASDAQ: ANPI) is also Boston’s Taxus stent coating partner for its molecule.
As far as the others, this will get to compete with the Medtronic Inc. (NYSE: MDT) Endeavor stent system as well as Johnson & Johnson (NYSE: JNJ) Cypher stent. Medtronic won the first Stent system approval in February after a 4-year hiatus. SurModics Inc. (NASDAQ: SRDX) is the molecule partner over at J&J for the drug-eluting coatings for teh Cypher stent.
This is being viewed as a key win for Abbott Labs with shares up 1.6% at $55.10 in after-hours trading. The good news is that the dark clouds surrounding stents and drug-eluting stents is starting to lift. The bad news on the topic is that this is now a highly competitive sub-sector in coronary medical technology.
Jon Ogg
July 2, 2008