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Edwards Finds Transcatheter Valve Adoption In U.S. Slower Than Expected

Edwards Lifesciences is lowering its revenue expectations for 2013 based on adoption rates so far of its transcatheter aortic valve implant technology.

Edwards Lifesciences Corp. is lowering their revenue guidance for 2013 because sales of Sapien transcatheter aortic valve implants are not growing as fast as the company had anticipated a quarter ago. The company has not changed its long-term expectations for the market but says that reimbursement for transcatheter aortic valve replacements in some areas is making it difficult for some hospitals to justify their cost.

“U.S. [transcatheter heart valve] sales are below our expectations, which we believe is primarily the result of evolving economics for some hospitals, and still-developing capacity of both hospitals and their...

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