Why Hansen Medical, Inc. Was Today's Biggest Winner

In this video from Tuesday's Market Checkup, Motley Fool health care analyst David Williamson takes investors through the biggest investing stories in the health care space today.

Shares of Hansen Medical (NASDAQ: HNSN  ) shot up 20% today, on news that the company received FDA approval for a new robotic catheter, the Magellan 6Fr. Hansen also named Chris Lowe as its new CEO, to replace outgoing Bruce Barclay. While investors are hoping that approval of the Magellan 6Fr will keep the momentum going for the robotic catheter maker, sales were very light for Hansen in 2013. Q1 2013 sales came in at $2 million, increasing to more than $5 million last quarter, but David sees the company as needing to do much more to justify its valuation. With its current cash burn rate and relatively low cash position, investors could be risking exposure to a dilutive event here.

Medical technology is changing rapidly. How can investors play this volatile space?
The best way to play the biotech space is to find companies that shun the status quo and instead discover revolutionary, groundbreaking technologies. In The Motley Fool's brand-new free report "2 Game-Changing Biotechs Revolutionizing the Way We Treat Cancer," find out about a new technology that big pharma is endorsing through partnerships, and the two companies that are set to profit from this emerging drug class. Click here to get your copy today.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2835270, ~/Articles/ArticleHandler.aspx, 9/22/2014 8:14:44 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement