CLAIM #2912 · Abbott Laboratories (ABT) · 2022Q2 earnings call · Jul 19, 2022 · due Jan 19, 2023
“So I expect these dynamics to steadily improve over time.”
Robert Ford · CEO
In context
“that are using Navitor, and Navitor is probably in about 40%, 45% of the centers in Europe, shares in the mid-teens. And that's very encouraging also because Navitor being our second product has really been an improvement for Portico. And as you know, we filed that in the U.S. in October of last year at the PMA. I expect that to be the case. I expect to see an approval and an opportunity for us to launch into the TAVR market here in the U.S. And on MitraClip, this was a tough comp for us this quarter. Last quarter -- last year, it was the highest quarter we've ever had in terms of procedures, in terms of sales. So there's no doubt that this one here is probably a little bit more impacted by COVID and some of the health care staffing challenges and the rescheduling of the procedures. So I expect these dynamics to steadily improve over time. And as I said previously, I don't think we fully benefited yet from the indication expansion that we received for the functional MR. So the market still remains pretty underpenetrated, and there's a lot of opportunity for growth there. So a lot of activity in our Structural Heart business, a lot of good performance. And I just expect that to get better over the next couple of quarters. And then what was your other question? Joanne Wuensch: It had to do on share repurchases, use of cash if you're not using it for M&A. Robert Ford: Sure. Well, listen, we've always kind of had a balanced approach for deploying our cash. We're mindful of our cash on hand. We're investing in the dividend, and we've been growing that dividend, and that's an important part of it. We're investing in the c”
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SEC filings for ABT ↗ · Claim quote is verbatim from the 2022Q2 earnings call.