Acutus Medical Stock Jumps 30% on FDA Clearance for Heart Product
June 27 2022 - 06:48AM
Dow Jones News
By Will Feuer
Shares of arrhythmia management company Acutus Medical Inc.
jumped some 20% in premarket trading Monday after the company said
the Food and Drug Administration has cleared the commercial launch
of an expanded suite of left-heart access products.
The company's suite of products will now include its AcQCross Qx
system for use with the TruSeal and FXD delivery system for the
Watchman LAAC Device.
Acutus Medical said gaining access to the left atrium of the
heart typically requires physicians to cross the septum, a
complicated process that often involves the exchange of wires and
needles while trying to achieve the proper angle and location on
the septum.
The launch of AcQCross and its compatibility with the Watchman
device will help doctors reposition during left-heart access
procedures without withdrawing or exchanging needles or wires, the
company said. It said left-atrial appendage closure procedures are
expected to total more than 50,000 in 2022.
"The expanded AcQCross product line allows us to bring this
innovative technology to a wider range of procedure categories that
should drive sustained growth in this portfolio," interim Chief
Executive David Roman said.
Shares rose 30% to 70 cents a share in premarket trading. The
stock closed on Friday about 84% lower this year.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
June 27, 2022 06:33 ET (10:33 GMT)
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