Bard set for Gore money soon as Q3 "solid"
This article was originally published in Clinica
Executive Summary
CR Bard had a “solid” third quarter, beating analyst expectations across all divisions and seeing margin expansion, noted Jefferies’ Raj Denhoy. Standout performances came in its vascular and surgical divisions, which saw sales of $209.9m (+4% year-on-year) and $118.1m (+10% year-on-year), versus analyst estimates of $199m and $115m, respectively. The former was driven by its Lutonix drug-eluting balloon, while the latter was helped by the surgical sealant contribution from Neomend, which Bard acquired last year (www.clinica.co.uk, 24 October 2012).