07/26/2021 | Press release | Distributed by Public on 07/26/2021 08:36
William Blair initiated research coverage of CVRx, Inc. (CVRX $20.33). CVRx is a medical device company focused on the development and commercialization of minimally invasive neuromodulation therapies for heart failure and other cardiovascular diseases.
Analyst Margaret Kaczor estimated that the company would generate revenue of $13.3 million in 2021 and $28.0 million in 2022.
'CVRx's Barostim is one of the only medical devices approved for symptom relief in patients with advanced heart failure with reduced ejection fraction (HFrEF), filling a critical unmet need for a life debilitating disease,' Kaczor said. 'Currently in its first full year of commercial launch, we expect strong demand and an over 100% CAGR over the next three-plus years.'
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William Blair or an affiliate was a manager or co-manager of a public offering of equity securities for CVRx, Inc. within the prior 12 months.
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William Blair or an affiliate expects to receive or intends to seek compensation for investment banking services from CVRx, Inc. or an affiliate within the next three months.
William Blair or an affiliate received compensation for investment banking services or non-investment-banking services from CVRx, Inc. within the last 12 months. CVRx, Inc. is or was, within the last 12 months, an investment banking client of William Blair & Company and/or one or more of its affiliates.
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Current Ratings Distribution (as of 7/23/21)
Outperform (Buy): 77%
Market Perform (Hold): 23%
Underperform (Sell): 1%
Inv. Banking Relationships*
Outperform (Buy): 30%
Market Perform (Hold): 11%
Underperform (Sell): 0%
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