following Fda Approval, Medtronic (mdt) Receives Ce Mark For Stealth Axis System
Medtronic plc (NYSE:MDT) is one of the Best Stocks to Buy Before the Next Bull Run . Recently, on April 28, Medtronic plc (NYSE:MDT) announced receiving the CE Mark for its Stealth AXiS system. The AXis system is a next-generation platform that combines planning, navigation, and robotics into a single intelligent solution. This new clearance from the EU comes after the system got FDA approval. Management noted that the CE Mark means that the company will accelerate access across Europe.
The system is aimed at spine and cranial procedures, and is designed to support various clinical workflows and surgical environments. Notably, the system features LiveAlign segmental tracking, which is an industry-first capability that allows surgeons to visualize anatomic motion during the procedure.
Moreover, the system is backed by AI, which allows advanced planning and visualization at all stages of the procedure. Overall, the Street is bullish on Medtronic plc (NYSE:MDT) as 65% of the 34 analysts covering the stock have a Buy rating, and the 12-month average price target suggests more than 38% upside from the current level.
Medtronic plc (NYSE:MDT) is based in Ireland and provides healthcare technology solutions. Its business is organized across four main segments: Cardiovascular, Neuroscience, Medical Surgical, and Diabetes.
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