Written by Nasma - 2 Minutes reading time
Edwards receives FDA approval for first transcatheter tricuspid valve replacement treatment
The approval for Evoque is a “meaningful milestone for [Edwards] as well as for the industry,” Shagun Singh, an RBC Capital Markets analyst, wrote in a research note.
The FDA’s approval came earlier than expected, with Edwards forecasting a decision by mid-2024, Singh wrote. It was based on the results of Edwards’ Triscend II pivotal trial, which found that 98.8% of patients achieved moderate or lower tricuspid regurgitation after six months and had an adverse event rate of 27.4% after 30 days.
Edwards, which announced the FDA approval Friday, also received a CE Mark for the device in October.
Singh expects the adoption of the device to be more gradual than with transcatheter aortic valve replacement, given different disease etiologies and patient anatomies and the lack of a parallel surgery pool.
“Our checks also suggest that it is early for the field as more clinical evidence is established, and as doctors assess which patients are best suited for such therapies. That said, this is a highly underserved population as most tricuspid patients have limited to no treatment options today,” Singh wrote.
Currently, tricuspid valve repair is usually done with open-heart surgery or managed using medications to control symptoms. Edwards’ device is indicated for patients with symptomatic severe tricuspid regurgitation despite treatment with medications.
Other minimally invasive treatments are also on the horizon. BTIG analyst Marie Thibault expects Abbott’s TriClip G4 will be approved given positive safety and efficacy data from its Triluminate pivotal study.
“We are not sure why an FDA panel is being convened for TriClip, but Evoque was approved without a panel,” Thibault wrote in a research note.
Edwards’ Evoque system is part of its transcatheter mitral and tricuspid therapies segment, which brought in $52 million in sales in the third quarter.
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