WRAPSODY CIE shows superior patency rates over PTA for hemodialysis patients with venous obstructions, enhancing vascular access options.
Quiver AI Summary
Merit Medical Systems, Inc. has announced positive results from the AVF arm of the WAVE trial, showcasing the superiority of the WRAPSODY® Cell-Impermeable Endoprosthesis (CIE) over percutaneous transluminal angioplasty (PTA) in maintaining target lesion primary patency (TLPP) and access circuit primary patency (ACPP) for hemodialysis patients experiencing venous obstructions. Presented at the Vascular Interventional Advances (VIVA) conference, the trial involved 245 patients and demonstrated significant improvements in TLPP (48.6% for WRAPSODY vs. 29.8% for PTA) and ACPP (31.3% vs. 20.6%) after 24 months. The WRAPSODY CIE, which received FDA premarket approval in December 2024 and was designed to enhance vascular access for dialysis patients, is currently being evaluated in various registries for real-world outcomes.
Potential Positives
- The WRAPSODY® Cell-Impermeable Endoprosthesis demonstrated significantly superior target lesion primary patency (TLPP) and access circuit primary patency (ACPP) compared to percutaneous transluminal angioplasty (PTA) over a 24-month period, indicating enhanced effectiveness for hemodialysis patients.
- The positive findings from the WAVE trial, presented at a notable conference, enhance the credibility of Merit Medical Systems' commitment to improving patient care in vascular access management.
- The WRAPSODY CIE received premarket approval from the FDA, along with subsequent approvals in Canada and the EU, highlighting its regulatory success and potential market availability.
- The extensive data collection from the WAVE trial and registries could provide robust evidence supporting the WAVE trial outcomes and strengthen the product’s position in the market for vascular access solutions.
Potential Negatives
- While the WRAPSODY CIE shows superior performance compared to PTA, the significant reliance on clinical trial data may raise concerns about its effectiveness in broader, real-world applications.
- The clinical trial had a relatively small sample size (245 patients), which could limit the generalizability of the results and raise questions about the device's performance in a larger population.
- The press release includes a cautionary statement regarding forward-looking statements, indicating potential risks and uncertainties that could impact Merit's business and financial condition.
FAQ
What is the WRAPSODY® Cell-Impermeable Endoprosthesis (CIE)?
The WRAPSODY CIE is a medical device designed to restore vascular access in hemodialysis patients experiencing venous obstructions.
How did the WRAPSODY CIE perform in the WAVE trial?
The WRAPSODY CIE demonstrated superior target lesion primary patency and access circuit primary patency compared to percutaneous transluminal angioplasty over 24 months.
Where was the WAVE trial conducted?
The WAVE trial involved 43 centers across the United States, South America, and the United Kingdom.
What are TLPP and ACPP?
Target lesion primary patency (TLPP) measures the success of maintaining open lesions, while access circuit primary patency (ACPP) tracks overall vascular access function.
When was the WRAPSODY CIE FDA approved?
The WRAPSODY CIE received premarket approval from the FDA on December 19, 2024, and was later approved by Health Canada.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MMSI Congressional Stock Trading
Members of Congress have traded $MMSI stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $MMSI stock by members of Congress over the last 6 months:
- REPRESENTATIVE LISA C. MCCLAIN has traded it 2 times. They made 1 purchase worth up to $15,000 on 07/22 and 1 sale worth up to $15,000 on 09/25.
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$MMSI Insider Trading Activity
$MMSI insiders have traded $MMSI stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.
Here’s a breakdown of recent trading of $MMSI stock by insiders over the last 6 months:
- FRED P. LAMPROPOULOS (President and CEO) has made 0 purchases and 4 sales selling 40,400 shares for an estimated $3,872,144.
- F. ANN MILLNER sold 21,250 shares for an estimated $2,049,987
- RAUL JR. PARRA (CFO AND TREASURER) sold 15,181 shares for an estimated $1,423,218
- LYNNE N. WARD has made 0 purchases and 2 sales selling 5,433 shares for an estimated $472,215.
- DAVID FLOYD sold 3,515 shares for an estimated $330,972
- MICHAEL R. MCDONNELL has made 0 purchases and 2 sales selling 3,500 shares for an estimated $330,417.
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$MMSI Hedge Fund Activity
We have seen 189 institutional investors add shares of $MMSI stock to their portfolio, and 191 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- THRIVENT FINANCIAL FOR LUTHERANS added 750,066 shares (+inf%) to their portfolio in Q3 2025, for an estimated $62,427,993
- ROCKEFELLER CAPITAL MANAGEMENT L.P. removed 474,451 shares (-94.4%) from their portfolio in Q2 2025, for an estimated $44,351,679
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- CITADEL ADVISORS LLC added 398,002 shares (+41.8%) to their portfolio in Q2 2025, for an estimated $37,205,226
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- NUVEEN, LLC removed 328,568 shares (-43.1%) from their portfolio in Q2 2025, for an estimated $30,714,536
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$MMSI Analyst Ratings
Wall Street analysts have issued reports on $MMSI in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Needham issued a "Buy" rating on 10/31/2025
- Piper Sandler issued a "Overweight" rating on 10/31/2025
- Barrington Research issued a "Outperform" rating on 10/31/2025
- Wells Fargo issued a "Overweight" rating on 07/31/2025
- Raymond James issued a "Outperform" rating on 07/31/2025
- Canaccord Genuity issued a "Buy" rating on 05/21/2025
To track analyst ratings and price targets for $MMSI, check out Quiver Quantitative's $MMSI forecast page.
$MMSI Price Targets
Multiple analysts have issued price targets for $MMSI recently. We have seen 6 analysts offer price targets for $MMSI in the last 6 months, with a median target of $105.0.
Here are some recent targets:
- Michael Petusky from Barrington Research set a target price of $106.0 on 10/31/2025
- Mike Matson from Needham set a target price of $108.0 on 10/31/2025
- Jason Bednar from Piper Sandler set a target price of $109.0 on 10/31/2025
- Jon Young from Canaccord Genuity set a target price of $104.0 on 10/16/2025
- Larry Biegelsen from Wells Fargo set a target price of $100.0 on 07/31/2025
- Jayson Bedford from Raymond James set a target price of $102.0 on 07/31/2025
Full Release
- The target lesion primary patency (TLPP) 1 and access circuit primary patency (ACPP) 2 of the WRAPSODY® Cell-Impermeable Endoprosthesis (CIE) remain superior to percutaneous transluminal angioplasty (PTA) through 24 months
- The clinical improvements associated with the WRAPSODY CIE are projected to improve the interventional landscape for hemodialysis patients who experience venous outflow obstructions
SOUTH JORDAN, Utah, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a global leader of healthcare technology, today announced positive findings from the randomized AVF arm of the WAVE trial. These findings were presented during the Late-Breaking Clinical Trials session on Tuesday, November 4, 2025, at the Vascular Interventional Advances (VIVA)
3
conference held in Las Vegas, Nevada.
Globally, millions of patients with advanced kidney disease require hemodialysis. Administration of hemodialysis requires ongoing vascular access (access to blood vessels) that is often achieved via the surgical creation of an AVF in a central or peripheral vein. However, obstructions, such as stenosis (narrowing) or occlusion (blockage), in the patient veins required for vascular access are common. The WRAPSODY CIE is intended to help physicians restore vascular access in patients on hemodialysis who experience these obstructions.
The WAVE trial was designed to capture the performance of the WRAPSODY CIE. TLPP and ACPP outcomes were used to evaluate the ability of the device to restore functional vascular access in trial patients. Forty-three centers across the United States, South America, and the United Kingdom participated in the trial.
In the randomized arm of the WAVE trial, 245 hemodialysis patients with evidence of venous obstructions in their AVF were treated with either the WRAPSODY CIE (n=122) or PTA (n=123). Twenty-four months following treatment, TLPP was significantly higher among patients treated with the WRAPSODY CIE versus PTA (48.6% vs. 29.8%; p<0.0001). Similarly, the ACPP was significantly higher among patients treated with the WRAPSODY CIE versus PTA (31.3% vs. 20.6%; p=0.003). These findings align with the significant clinical benefits demonstrated at 6 months and 12 months .
“Evidence of sustained superiority of the WRAPSODY CIE relative to PTA gives us confidence in the device’s ability to extend functional vascular access,” said David J. Dexter II, MD, FACS, a WAVE trial Investigator and Vascular Surgeon at Sentara Health Research Center in Norfolk, VA, who presented findings from the randomized arm of the trial at the VIVA conference. Dr. Dexter is also the National Principal Investigator of the WRAPSODY North America registry , a study designed to describe clinical outcomes of the WRAPSODY CIE in real-world practice.
“The WRAPSODY CIE was developed to help physicians restore vascular access for patients,” said Martha G. Aronson, Merit’s President and Chief Executive Officer. “The significant clinical benefits from the WAVE trial demonstrate how WRAPSODY CIE achieves this goal.”
On December 19, 2024, the WRAPSODY CIE received premarket approval from the US Food and Drug Administration (FDA) . On April 30, 2025, the device was approved by Health Canada . The WRAPSODY CIE previously received the Conformité Européenne (CE) Mark for commercial use in the European Union and is available in Brazil.
For more information on the WRAPSODY CIE within the United States, please visit: https://www.merit.com/product/wrapsody-cie/ . For information on the device outside of the United States, please visit: https://www.merit.com/product/merit-wrapsody/ .
In the United States and Canada, real-world clinical outcomes of the WRAPSODY CIE are being evaluated in the WRAP North America Registry, which is designed to enroll up to 250 patients. For additional information on Merit’s WRAP North America Registry, please visit: https://clinicaltrials.gov/study/NCT06807099 .
Outside of North America, real-world outcomes of the WRAPSODY CIE are being evaluated in the WRAP Global registry .
Collectively, data from the WAVE trial, the WRAP North America registry, and the WRAP Global registry will generate evidence on the largest cohort of patients for a single indication in dialysis access to date.
1 TLPP was defined as the proportion of patients who did not require an intervention due to clinically driven target lesion revascularization or target lesion thrombosis.
2 ACPP was defined as the proportion of patients without loss of vascular access anywhere within the circuit from the time of their initial treatment to the need for reintervention or abandonment of vascular access.
3 The VIVA Foundation is a not-for-profit organization dedicated to advancing the field of vascular medicine and intervention through education, advocacy, research, and philanthropy. To learn more about The VIVA Foundation, please visit www.viva-foundation.org .
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Any forward-looking statements set forth in this release are subject to risks and uncertainties such as those described in Merit's filings with the U. S. Securities and Exchange Commission (“SEC”). For discussion of the risks and uncertainties which may affect Merit’s business, operations and financial condition, see Part I, Item 1A, “Risk Factors” in Merit’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC, which Merit updated in Part II, Item 1A, “Risk Factors” in Merit’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025 and September 30, 2025, which Merit filed with the SEC. Actual results will likely differ, and may differ materially, from anticipated results.
ABOUT MERIT
Founded in 1987, Merit Medical Systems, Inc. is engaged in the development, manufacture, and distribution of proprietary medical devices used in interventional, diagnostic, and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care, and endoscopy. Merit serves client hospitals worldwide with a domestic and international sales force and clinical support team totaling more than 800 individuals. Merit employs approximately 7,400 people worldwide.
TRADEMARKS
Unless noted otherwise, trademarks and registered trademarks used in this release are the property of Merit Medical Systems, Inc., its subsidiaries, or its licensors.
CONTACTS
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Merit Medical
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