bullish
Acotec Scientific Holdings (6669 HK): Base Business, Geography Expansion, New Launch to Drive Growth
437 Views10 Dec 2022 19:59
SUMMARY
- Acotec Scientific Holdings (6669 HK) is an early-mover in peripheral drug coated balloon market in China and holds a dominant 85%+ market share.
- On November 7, Acotec received its first FDA approval for Vericor, a peripheral support catheter designed to enhance access to peripheral vessels.
- Acotec started 2022 on a strong note, with revenue increasing 25% y/y in H1 2022 due to increasing adoption of the company’s product in Chinese hospitals.
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