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Merit Medical Launches basixSKY™ Inflation Device

Key Takeaway: Merit Medical Systems, Inc. has announced the US commercial release of its new basixSKY Inflation Device. This launch expands the company's portfolio of inflation devices, offering a user-friendly design aimed at improving efficiency in endovascular interventions. The basixSKY can be used independently or in conjunction with Merit’s Angioplasty Packs and other hemostasis valves. With an increasing number of coronary balloon and stent placement procedures anticipated in the U.S., Merit aims to maintain its leadership in the inflation device market.
Price reaction · baseline $83.06 (2024-05-20 close) · hit after-hours · clean, no other MMSI news in the window
day 0 close · peak
-0.9%

Market Sentiment Analysis

POSITIVE FACTORS

  • Launch of the new basixSKY Inflation Device enhances product portfolio.
  • Device designed for ease of use and efficiency in medical procedures.
  • Significant market potential with projected 1.79 million procedures in the US.

Full Press Release Details

SOUTH JORDAN, Utah, May 21, 2024 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a global leader of healthcare technology, today announced the US commercial release of the basixSKY Inflation Device.
BasixSKY is the latest addition to Merit’s comprehensive inflation device portfolio, which includes both digital and analog devices. The basixSKY is available as a standalone solution and in kits with Merit Angioplasty Packs, configured to offer complementing AccessPLUS™, Honor®, and PhD™ hemostasis valves.
Designed with ease of use in mind, the new device is simple and highly responsive, creating an efficient approach to inflation. Rotational torque and handle revolutions to reach pressure are minimized, and a comfort-grip feature enables one-handed preparation.
Learn more about the basixSKY Inflation Device.
Endovascular interventions, such as balloon angioplasty and stent placement procedures used to widen narrowed or blocked coronary and peripheral arteries, utilize an inflation device. These are minimally invasive techniques that can restore blood flow through diseased vessels and minimize damage to surrounding tissue. In 2024, it is estimated that 1.79 million coronary balloon and stent placement procedures will be performed in the United States.1
“We are pleased to broaden our portfolio of inflation devices,” said Fred P. Lampropoulos, Merit’s Chairman and Chief Executive Officer. “With high-quality digital and analog solutions and custom kit options, we remain a leader in the inflation device market. We’re proud of that. We look forward to continuing to serve our healthcare partners, helping them to provide the best patient care.”
ABOUT MERIT MEDICAL Founded in 1987, Merit Medical Systems, Inc. is engaged in the development, manufacture, and distribution of proprietary disposable medical devices used in interventional, diagnostic, and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care, and endoscopy. Merit serves client hospitals worldwide with a domestic and international sales force and clinical support team totaling more than 700 individuals. Merit employs approximately 7,000 people worldwide.
TRADEMARKS Unless noted otherwise, trademarks and registered trademarks used in this release are the property of Merit Medical Systems, Inc., its subsidiaries, or its licensors.
+1-801-432-2864 | sarah.comstock@merit.com
Mike Piccinino, CFA, IRC
+1-443-213-0509 | mike.piccinino@westwicke.com
1. Clarivate DRG, Market Insights ǀ Interventional Cardiology Devices ǀ United States ǀ 2023, December 29, 2022 (Clarivate, 2022).

Frequently Asked Questions

What is the basixSKY Inflation Device?

The basixSKY Inflation Device is a new, efficient tool for endovascular procedures from Merit Medical.

How does basixSKY improve inflation device usability?

It features a comfort-grip for one-handed preparation and reduces rotational torque and handle revolutions.

What procedures utilize the basixSKY Inflation Device?

It's used in balloon angioplasty and stent placement procedures to restore blood flow.

When was the basixSKY Inflation Device released?

The basixSKY Inflation Device was commercially released in the U.S. on May 21, 2024.

Last updated: May 21, 2024