2022-05-23 08:31:56 SWAV ShockWave Medical
05/23/22 05/2308:31 05/23/2208:31 | ShockWave Medical's China approval adds growth driver, says Piper SandlerPiper Sandler analyst Adam Maeder tells investors in a research note that ShockWave Medical's regulatory approval from China's National Medical Products Administration to market and sell its C2 coronary and M5/S4 peripheral IVL catheters in China is "a few months" ahead of expectations, adding that he is "encouraged" to see these regulatory boxes checked as it will add another growth driver to ShockWave's armamentarium. The analyst, who made no change to his Outperform rating or $245 price target, expects more of a material revenue impact in 2023. |
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