New Product Suite Boosts Intersect ENT Despite Cost Concerns
Zacks Investment Research | Jan 22, 2020 10:48PM ET
On Jan 22, we issued an updated research report on Intersect ENT, Inc. (NASDAQ:XENT) . While we are encouraged by the company’s prospects, driven by the favorable Chronic Sinusitis market, its difficult pricing scenario raises concerns. The stock has a Zacks Rank #3 (Hold).
In order to maintain its position in the ENT specialty market and widen its sales base, Intersect ENT is focusing on product development and innovation.
The SINUVA Sinus Implant (to treat nasal polyp in adult patients with no previous sinus surgery recorded) in the United States has been on the forefront since April 2018 following its FDA approval. In this regard, the company also completed its ENCORE study, a small 50-patient open label program designed to evaluate the safety of the repetitive use of SINUVA.
The latest offering from the SINUVA portfolio is specific J code — J7401 (which became operational in October 2019). However, the implementation of this code is still in process on the Medicare’s part as the Centers for Medicare & Medicaid Services (CMS) are yet to assign a specific reference price. Nonetheless, the company expects this to be resolved by this month.
Intersect ENT, Inc. Price
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.