AngioDynamics shares are trading higher after the company announced the sale of its Dialysis product portfolio and BioSentry Tract Sealant System Biopsy product to Merit Medical Systems for $100 million. Also, the company announced its preliminary FY23 ne
Portfolio Pulse from Benzinga Newsdesk
AngioDynamics announced the sale of its Dialysis product portfolio and BioSentry Tract Sealant System Biopsy product to Merit Medical Systems for $100 million, and also released its preliminary FY23 net sales guidance.
June 09, 2023 | 5:24 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
AngioDynamics' stock is trading higher after selling its Dialysis and BioSentry products to Merit Medical Systems for $100 million and announcing preliminary FY23 net sales guidance.
The sale of the Dialysis and BioSentry products to Merit Medical Systems for $100 million is a significant deal for AngioDynamics, which is likely to have a positive impact on its stock price. Additionally, the announcement of preliminary FY23 net sales guidance provides investors with a clearer outlook on the company's future performance, further supporting the stock's upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100