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Stock impact report

AngioDynamics Sells PICC, Midline Products for Up to $45 Million [MarketWatch]

AngioDynamics, Inc. (ANGO) 
Last angiodynamics, inc. earnings: 4/7 07:00 am Check Earnings Report
Company Research Source: MarketWatch
The medical-technology company said Thursday the sale also includes tip location products. The combined portfolio of products being sold contributed around $43.5 million to AngioDynamics overall sales for fiscal 2023, when total revenue was $338.8 million. Advertisement AngioDynamics also said it discontinued the sale of its Uniblate and Starburst Radio Frequency products, as well as its Syntrax support catheter products, as it seeks to streamling its portfolio. Those products bought in annual sales of about $5.5 million in fiscal 2023. "Today's divestiture is another significant milestone in our transformation and supports our focus on driving increased penetration of our Med Tech platforms in high-growth markets," Chief Executive Jim Clemmer said. Write to Paul Ziobro at paul.ziobro@wsj.com Show less Read more
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