On Jun 28, we issued an updated research report on the world’s largest manufacturer of regenerative medicines, Integra Life Sciences Holdings Corporation IART. The stock currently holds a Zacks Rank #2 (Buy).
Keeping in line with its three-pronged strategy, Integra Life Sciences Holdings is presently focusing on investments in innovative products via organic means and geographic expansion outside the U.S.
We are also looking forward to the company’s recent distribution agreement with Vomaris Wound Care, Inc., a company specializing in wound care. As per the deal, Vomaris’ Advanced Microcurrent Technology will complement Integra Life Sciences’ Omnigraft technology, boosting the company’s Orthopedics and Tissue Technologies business.
Meanwhile, with the recent partnership with AlloSource, the largest providers of cartilage, soft-tissue allografts used in surgical procedures, Integra Life Sciences gained entry into Acellular dermal matrices, which will help it to commercialize HuMend by mid-2016 in North America.
Prior to this, the company had entered into an agreement with PREZIO Health, a leading provider of surgical instruments and repair management services. It is expected that this agreement will offer highest quality care to patients at an affordable price.
Notably, the company received FDA approval for its Integra Omnigraft Dermal Regeneration Matrix. Previously, the company’s Integra Dermal Regeneration Template (IDRT) gained FDA approval for the treatment of diabetic foot ulcers (DFU), marking a milestone achievement in the medical technology market.
The company has established a strong presence overseas and has generated solid revenue growth in its Surgical Solutions business, thanks to the MicroFrance buyout and increased uptake of the MAYFIELD2 Cranial stabilization device in Asia Pacific.
The company is currently working on the integration of Salto ankle and has also initiated the controlled market release of the Cadence Total Ankle system. Management expects to gain faster traction overseas by maintaining its focus on Specialty Surgical Solutions and Orthopedics and Tissue Technologies.
However, the company faces challenges such as foreign exchange fluctuations and natural calamities which hinder the ongoing research processes. The company also faces stiff competition in spine market.
Key Picks in the Sector
Some top-ranked stocks in the healthcare sector are Retrophin, Inc. RTRX, Heska Corp. HSKA and Fibrocell Science, Inc. FCSC. All the three stocks sport a Zacks Rank #1 (Strong Buy).
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