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Edwards Beat Analysts' And Its Own Projections in Q2 As TAVR Volumes Recover

 
• By Reed Miller

The company recorded $925m in revenue in the second quarter of 2020, exceeding the top end of its previous guidance, and expects to return to growth by the end of the year.

MT2007_Edwards-Commander-Valve_1200.jpg
Edwards Lifesciences' Sapien 3 transcatheter aortic valve with the Commander delivery system • Source: Edwards Lifesciences

The volume of transcatheter aortic valve replacement (TAVR) procedures performed by hospitals around the world is gradually recovering to its pre-pandemic level, according to market leader Edwards Lifesciences Corp.

In the second quarter of 2020, revenue from SAPIEN devices declined 11.5% year-over-year to $594.3m. Sales of TAVR devices were especially depressed in April as hospitals around the world began postponing most non-emergency procedures to focus on COVID-19 patients and the pandemic made it difficult for Edwards to help hospitals start new TAVR programs. Meanwhile, many patients who needed care were reluctant to visit the hospital for fear of catching the virus there

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