Integra LifeSciences To Offer Aap's LOQTEQ System In The US

Global medical technology major, Integra LifeSciences Holdings Corporation (NASDAQ:IART) recently inked an agreement with aap Implantate AG, a Berlin-based trauma product maker. Under the deal, Integra LifeSciences will distribute aap’s LOQTEQ Distal Radius System in the U.S.

The LOQTEQ Distal Radius System features an advanced design with multiple plate options to provide a variety of fracture patterns, anatomies and instrumentation for intra-operative efficiency.

Integra LifeSciences’ management expects this alliance to enhance its portfolio and elevate its position to being a one-stop solution for patients’ wrist needs from fracture plating to fusion and arthroplasty. The company is also formulating strategies to gain traction in the market.

Also, according to management at aap, this collaboration will help the company expand its orthopedic foothold in the U.S. and accelerate growth for the companies.

According to transparency market research, the global orthopedic devices market is estimated to register a modest 4.90% CAGR during the forecast period, growing from a value of $29.2 billion in 2012 to $41.2 billion in 2019. Thus, the company has huge growth potential in this market.

We note that in the majority of the last three months, Integra Lifesciences has been trading above the Zacks categorized Medical - Biomedical and Genetics sub-industry. The stock has gained 12.2%, much better than the 7.4% decline of the broader industry.

Recent Developments

Integra LifeSciences recently made several strategic collaborations under its Orthopedics and Tissue Technologies segment. The company announced full commercial availability of its Cadence Total Ankle System, a new ankle prosthesis developed in partnership with four world leading foot and ankle surgeons.

Additionally, Integra LifeSciences entered into an exclusive distribution deal with Dr. Reddy's Laboratories Limited. Under the agreement, Dr. Reddy’s will market and distribute DuraGen Plus and Suturable DuraGen Dural Regeneration Matrices for use in patients in India.

Key Picks

Integra LifeSciences currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the broader medical sector are Luminex Corporation (NASDAQ:LMNX) , Inogen, Inc. (NASDAQ:INGN) and Edwards Lifesciences Corporation (NYSE:EW) . Notably, Luminex and Inogen sport a Zacks Rank #1 (Strong Buy), while Edwards Lifesciences carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Luminex has an expected long-term adjusted earnings growth of almost 16.3%. The stock added roughly 8.5% over the last three months.

Inogen has a long-term expected earnings growth rate of 17.5%. The stock has a solid one-year return of around 77.8%.

Edwards Lifesciences has an expected long-term adjusted earnings growth of almost 15.6%. The stock added roughly 19.9% over the last three months.

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