Medical device companies have left drug developers and the Small Ordinaries Index for dead over the past two years

Canaccord Genuity

Stockbroker

Medical device companies have left drug developers and the Small Ordinaries Index for dead over the past two years. The 18 pure-play device companies have delivered an average gain of 117% since 1st Jan 2013, and 45% since 1st Jan 2014. Top of the list is ImpediMed (IPD), a spectacular turnaround story which has delivered share price gains of more than 1,000% over the past two years, and 285% in the past year. The board brought in highly experienced management, removing many of the barriers to commercial uptake, gaining approvals increasing the addressable market five-fold. Nanosonics (NAN) is up 265% over the past two years and 111% over the past year as sales momentum builds for its unique, point-of-care system for disinfecting ultrasound probes. The company has attracted the attention of big league partners including GE Healthcare, Toshiba and Miele. The next company likely to join these high performers is Osprey Medical (OSP). OSP is commercialising an easy-to-use system for reducing the amount of X-ray dye that is used during cardiac procedures. SmartInvestor story here: (VIEW LINK)


Canaccord Genuity
Canaccord Genuity
Stockbroker
Stockbroker

Canaccord Genuity Group is a leading independent, full-service financial services firm. Canaccord Genuity has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual,...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.