"We have 41 hospitals and less than half thereof are performing an implant a month. Is the market that immature/infantile or are there other competitive forces at work?"
As VCR stated not so long ago, there are several devices in trial atm - which in Aus/NZ and parts of Europe are not subject to reimbursement. So these will be used in preference to a commercialised device. In the US I suspect Thoratec et al have entrenched customer support especially while 3 gen competitors such as VCR still have trial device status. Its a two-edged sword really - this reimbursement caper... Makes VCR a commercial target as they are now competing for dollars despite not being FDA approved.
VCR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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