FDA Approval Of Injectable Augment Should Give Wright Medical's Growth A Shot In The Arm [Seeking Alpha]
WRIGHT MEDICAL GROUP NV (WMGI)
Last wright medical group nv earnings: 2/24 05:04 pm
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US:NASDAQ Investor Relations:
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Source: Seeking Alpha
Summary It’s a kinder, gentler FDA that the healthcare world is dealing with these days, and while I don’t believe that’s an unalloyed positive for the industry, the approval of the injectable version of Augment is definitely a positive development for Wright Medical ( WMGI ). Although the near-term impact to sales is likely to be on the order of 1% or so, the longer-term impact could be more significant. Coupled with a strong upper extremity business that continues to gain share and a lower extremity business that should see some re-acceleration in the second half, Wright’s outlook is brightening. If the company can get revenue growth back up to a double-digit pace, a 5x forward revenue multiple and a fair value in the mid-$30s could be back in play in a year, though I wouldn’t pay quite that much today. Injectable Augment Goes Live In The U.S. Wright Medical has had its challenges with Augment, a human platelet-derived growth factor that promotes bone growth, ever sin
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