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Morphic Appoints Acceleron’s Peter Linde as Its Chief Medical Officer

Morphic Therapeutic (NASDAQ: MORF) on Tuesday named Peter Linde as its chief medical officer. Linde was most recently vi

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Pfizer Announces Positive Top-Line Results from Third Phase 3 Trial of Abrocitinib for Mod

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Pfizer Announces Top-Line Results from Phase 3 Study of 20-Valent Pneumococcal Conjugate V

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Regeneron Finds Hundreds of COVID-19 Antibodies, Says Trials Could Start Soon

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  string(71) "The Biggest Threat to Medical Device Revenue Growth During the Pandemic"
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In a new report, Needham & Co.'s Mike Matson says he doesn't expect an economic slowdown to weigh directly on medtech growth, but that doesn't mean the industry will be unaffected by the coronavirus (COVID-19) pandemic.

&#nl

"We think that the biggest threat to medtech revenue growth is a decline in elective procedures," the analyst said, adding that this trend is driven by hospitals cutting back on or stopping elective procedures as they prepare for and focus on COVID-19 patients, and by patients deferring elective procedures due to fears of exposure to the virus.

&#nl

Both factors have already caused large declines in procedures in both China and Italy, and some U.S. cities and states (such as New York City and Massachusetts) have ordered hospitals to stop elective procedures, Matson noted.

&#nl

As MD+DI previously reported, Boston Scientific said in February the virus is expected to lower first-quarter revenue by $10 million to $40 million, and that estimate was based solely on the impact from fewer procedures in China. Also in February, Medtronic acknowledged that slower procedure volume in China would have a negative impact on the company's fiscal fourth-quarter financial results, but CEO Omar Ishrak stopped short of putting any numbers around the issue at that time, given the fluidity of the situation.

&#nl

Needham & Co. conducted what Matson calls a "stress test" consisting of three scenarios (bad, worse, worst) to evaluate the impact of the virus on revenue and earnings per share (EPS) growth reductions in the first three quarters of 2020. His analysis assumes that the first-quarter impact is mostly driven by COVID-19 in China and Italy while the other two quarters' impact is mostly driven by the virus in the United States and the rest of Europe. He says he expects the COVID-19 revenue growth headwinds to peak in the second quarter at 10% in the "bad" case scenario, "30%" in the "worse" case scenario, and 50% in the "worst" case scenario.

&#nl

Needham & Co.'s scenario analysis results in an average 4% to 18% reduction to estimated 2020 revenue and an average 9% to 32% reduction to estimated 2020 EPS for the medical device companies that the firm covers.

&#nl

Small and mid-sized companies are likely to see a bigger hit to EPS than large companies, according to the report. For all three scenarios, the analyst said he expects Stryker, Hologic, and Masimo to see the smallest impacts to EPS. On the other end of the spectrum, Invacare, Inogen, and Hill-Rom could see the largest impacts to EPS, according to Matson's report.

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In a new report, Needham & Co.'s Mike Matson says he doesn't expect an economic slowdown to weigh directly on medtech growth, but that doesn't mean the industry will be unaffected by the coronavirus (COVID-19) pandemic.

&#nl

"We think that the biggest threat to medtech revenue growth is a decline in elective procedures," the analyst said, adding that this trend is driven by hospitals cutting back on or stopping elective procedures as they prepare for and focus on COVID-19 patients, and by patients deferring elective procedures due to fears of exposure to the virus.

&#nl

Both factors have already caused large declines in procedures in both China and Italy, and some U.S. cities and states (such as New York City and Massachusetts) have ordered hospitals to stop elective procedures, Matson noted.

&#nl

As MD+DI previously reported, Boston Scientific said in February the virus is expected to lower first-quarter revenue by $10 million to $40 million, and that estimate was based solely on the impact from fewer procedures in China. Also in February, Medtronic acknowledged that slower procedure volume in China would have a negative impact on the company's fiscal fourth-quarter financial results, but CEO Omar Ishrak stopped short of putting any numbers around the issue at that time, given the fluidity of the situation.

&#nl

Needham & Co. conducted what Matson calls a "stress test" consisting of three scenarios (bad, worse, worst) to evaluate the impact of the virus on revenue and earnings per share (EPS) growth reductions in the first three quarters of 2020. His analysis assumes that the first-quarter impact is mostly driven by COVID-19 in China and Italy while the other two quarters' impact is mostly driven by the virus in the United States and the rest of Europe. He says he expects the COVID-19 revenue growth headwinds to peak in the second quarter at 10% in the "bad" case scenario, "30%" in the "worse" case scenario, and 50% in the "worst" case scenario.

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Needham & Co.'s scenario analysis results in an average 4% to 18% reduction to estimated 2020 revenue and an average 9% to 32% reduction to estimated 2020 EPS for the medical device companies that the firm covers.

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Small and mid-sized companies are likely to see a bigger hit to EPS than large companies, according to the report. For all three scenarios, the analyst said he expects Stryker, Hologic, and Masimo to see the smallest impacts to EPS. On the other end of the spectrum, Invacare, Inogen, and Hill-Rom could see the largest impacts to EPS, according to Matson's report.

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The Biggest Threat to Medical Device Revenue Growth During the Pandemic

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Qiagen Juices RNA Extraction Kit Capacity to Feed Coronavirus Test Needs

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A recent study from the Crabb Lab, at City, University of London shows how commercially available head-mounted displays (HMD) can be used to simulate the day-to-day challenges faced by people with glaucoma.

&#nl

Twenty-two volunteers who did not have glaucoma took part in the study and wore an HMD while performing various tasks in either virtual or augmented reality. The study is published in the online journal, npj Digital Medicine. In the virtual reality task, participants were placed in a simulation of a typical, 'cluttered' house. Moving their eyes and head allowed them to look around it in order to find a mobile phone hidden somewhere in the house.

&#nl

In the augmented reality task, participants navigated a real-life, human-sized 'mouse maze', which they viewed through cameras in the front of the HMD.

&#nl

Sensors in the HMD tracked the position of the participant's eyes, allowing the software to generate a blurred area of vision, known as a 'scotoma', that obstructed the same portion of their visual field, wherever they looked. The scotoma was created using medical data from a real glaucoma patient, and either restricted vision in the upper part of the participant's visual field, or in the bottom part. In 'control' trials the scotoma was absent.

&#nl

Similar to real glaucoma patients, participants were slower to perform the tasks when the simulated impairment was present and made more head and eye movements too. They likewise found the tasks particularly difficult when the vision loss obstructed the bottom part of their visual field. The results also showed how some people were better able to cope than others with an identical impairment.

&#nl

The software the authors created to simulate the visual impairment (OpenVisSim) has been shared online for others to freely use and develop. It is compatible with most commercially available HMDs and smartphones and supports a range of visual effects, designed to simulate the different symptoms associated with a range of eye diseases.

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A recent study from the Crabb Lab, at City, University of London shows how commercially available head-mounted displays (HMD) can be used to simulate the day-to-day challenges faced by people with glaucoma.

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&#nl

In the augmented reality task, participants navigated a real-life, human-sized 'mouse maze', which they viewed through cameras in the front of the HMD.

&#nl

Sensors in the HMD tracked the position of the participant's eyes, allowing the software to generate a blurred area of vision, known as a 'scotoma', that obstructed the same portion of their visual field, wherever they looked. The scotoma was created using medical data from a real glaucoma patient, and either restricted vision in the upper part of the participant's visual field, or in the bottom part. In 'control' trials the scotoma was absent.

&#nl

Similar to real glaucoma patients, participants were slower to perform the tasks when the simulated impairment was present and made more head and eye movements too. They likewise found the tasks particularly difficult when the vision loss obstructed the bottom part of their visual field. The results also showed how some people were better able to cope than others with an identical impairment.

&#nl

The software the authors created to simulate the visual impairment (OpenVisSim) has been shared online for others to freely use and develop. It is compatible with most commercially available HMDs and smartphones and supports a range of visual effects, designed to simulate the different symptoms associated with a range of eye diseases.

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Head Mounted Displays Could Help People Overcome Glaucoma Challenges