This Medical Device Player Could Be a Top-Notch Pick in 2020
As the coronavirus pandemic has progressed, healthcare companies involved in developing and manufacturing COVID-19 vaccines and therapeutics have become darlings of the stock market. Abiomed (NASDAQ: ABMD) is the company behind Impella products, the only non-surgical heart pumps approved by the US Food and Drug Administration (FDA). The company set itself apart from the pack by obtaining an Emergency Response (EUA) from the FDA for one of its offerings, the Impella RP, for the treatment of patients with COVID-19-related heart failure or pulmonary embolism (blood clots in the EU) received lungs). This approval could, in part, help offset the financial impact of the decline in electoral procedures amid restrictions on home protection.
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