The WRAP North America registry will evaluate the safety and effectiveness of the WRAPSODY CIE for hemodialysis patients.
Quiver AI Summary
Merit Medical Systems, Inc. announced the enrollment of the first patient in the WRAP North America registry, a multicenter study aimed at collecting data on the safety and effectiveness of the WRAPSODY® Cell-Impermeable Endoprosthesis (CIE) for patients on hemodialysis experiencing vein obstructions. The registry plans to include up to 250 patients from the US and Canada and will assess clinical outcomes over three years. Dr. Omar Davis, who enrolled the patient at Bluff City Vascular in Memphis, highlighted the potential of the WRAPSODY CIE to improve hemodialysis care. The device has already shown superior performance in previous clinical trials. Merit aims for the registry to provide substantial real-world evidence on the device's impact, with further evaluations ongoing in the WRAP Global registry for international patients.
Potential Positives
- Merit Medical has successfully enrolled the first patient in the WRAP North America registry, marking a significant step in evaluating the WRAPSODY® Cell-Impermeable Endoprosthesis (CIE) for patients on hemodialysis.
- The WRAP North America registry aims to collect real-world safety and effectiveness data from up to 250 patients, which will enhance the clinical evidence supporting the WRAPSODY CIE.
- The WRAPSODY CIE has previously demonstrated superior performance in the WAVE pivotal trial, potentially increasing confidence in its use among healthcare providers.
- Completion of the registry could yield the largest cohort of patients treated with an implantable device for restoring vascular access in hemodialysis, amplifying the product's market presence and credibility.
Potential Negatives
- The press release emphasizes the need for a registry to collect real-world data on the WRAPSODY CIE, indicating potential uncertainty regarding its performance outside controlled clinical trials.
- There is no clear indication of how long the process of data collection and evaluation will take, which may delay the perception of the device's effectiveness and market acceptance.
- The mention of previous trials and regulatory approvals may raise concerns regarding the device's past performance and the necessity for ongoing studies to validate its efficacy in practical scenarios.
FAQ
What is WRAP North America registry?
The WRAP North America registry is a study to collect real-world data on the safety and effectiveness of the WRAPSODY® CIE.
Who enrolled the first patient in the WRAP North America registry?
The first patient was enrolled by Omar Davis, MD, at Bluff City Vascular in Memphis, TN.
How many patients will be enrolled in the WRAP North America registry?
Up to 250 patients on hemodialysis from the US and Canada will be enrolled in the registry.
What is the purpose of the WRAPSODY® CIE?
The WRAPSODY CIE aims to restore vascular access in hemodialysis patients experiencing obstructions.
When did the WRAPSODY CIE receive FDA approval?
The WRAPSODY CIE received premarket approval from the FDA on December 19, 2024.
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 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 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 purchased up to $15,000 on 07/22.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$MMSI Insider Trading Activity
$MMSI insiders have traded $MMSI stock on the open market 22 times in the past 6 months. Of those trades, 0 have been purchases and 22 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 8 sales selling 74,719 shares for an estimated $7,436,213.
- BRIAN G. LLOYD (CHIEF LEGAL OFFICER, SECRETARY) has made 0 purchases and 2 sales selling 55,000 shares for an estimated $5,574,500.
- RAUL JR. PARRA (CFO AND TREASURER) has made 0 purchases and 3 sales selling 32,993 shares for an estimated $3,208,794.
- F. ANN MILLNER sold 21,250 shares for an estimated $2,049,987
- MICHEL JAMES VOIGT (CHIEF HUMAN RESOURCES OFFICER) sold 13,809 shares for an estimated $1,376,481
- NEIL PETERSON (CHIEF OPERATING OFFICER) has made 0 purchases and 2 sales selling 10,000 shares for an estimated $1,047,650.
- STEPHEN C. EVANS sold 5,000 shares for an estimated $526,550
- 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.
- LYNNE N. WARD sold 2,433 shares for an estimated $206,535
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$MMSI Hedge Fund Activity
We have seen 179 institutional investors add shares of $MMSI stock to their portfolio, and 226 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CHANNING CAPITAL MANAGEMENT, LLC removed 681,794 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $72,072,443
- ROCKEFELLER CAPITAL MANAGEMENT L.P. removed 474,451 shares (-94.4%) from their portfolio in Q2 2025, for an estimated $44,351,679
- BLACKROCK, INC. removed 460,453 shares (-5.0%) from their portfolio in Q2 2025, for an estimated $43,043,146
- CITADEL ADVISORS LLC added 398,002 shares (+41.8%) to their portfolio in Q2 2025, for an estimated $37,205,226
- BRYN MAWR CAPITAL MANAGEMENT, LLC removed 370,722 shares (-99.4%) from their portfolio in Q1 2025, for an estimated $39,189,022
- ARROWMARK COLORADO HOLDINGS LLC removed 341,220 shares (-34.4%) from their portfolio in Q2 2025, for an estimated $31,897,245
- UBS GROUP AG removed 332,413 shares (-44.2%) from their portfolio in Q2 2025, for an estimated $31,073,967
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$MMSI Analyst Ratings
Wall Street analysts have issued reports on $MMSI in the last several months. We have seen 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Raymond James issued a "Outperform" rating on 07/31/2025
- Wells Fargo issued a "Overweight" rating on 07/31/2025
- Piper Sandler issued a "Overweight" rating on 07/31/2025
- Barrington Research issued a "Outperform" rating on 07/31/2025
- Needham issued a "Buy" rating on 07/18/2025
- Canaccord Genuity issued a "Buy" rating on 05/21/2025
- Baird issued a "Outperform" rating on 04/25/2025
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 8 analysts offer price targets for $MMSI in the last 6 months, with a median target of $106.5.
Here are some recent targets:
- Larry Biegelsen from Wells Fargo set a target price of $100.0 on 07/31/2025
- Michael Petusky from Barrington Research set a target price of $103.0 on 07/31/2025
- Jayson Bedford from Raymond James set a target price of $102.0 on 07/31/2025
- Jason Bednar from Piper Sandler set a target price of $105.0 on 07/31/2025
- Mike Matson from Needham set a target price of $108.0 on 07/18/2025
- Jon Young from Canaccord Genuity set a target price of $112.0 on 05/21/2025
- David Rescott from Baird set a target price of $110.0 on 04/25/2025
Full Release
- The WRAP North America registry is a prospective, multicenter study designed to collect real-world safety and effectiveness data on the WRAPSODY ® Cell-Impermeable Endoprosthesis (CIE).
- The first WRAP North America patient was enrolled at Bluff City Vascular, an interventional nephrology and vascular access center in Memphis, TN.
SOUTH JORDAN, Utah, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a global leader of healthcare technology, announced today the successful enrollment of the first patient in the WRAP North America registry.
The WRAP North America registry is designed to enroll up to 250 US and Canadian patients on hemodialysis who experience obstructions, such as stenosis (narrowing) or occlusion (blockage) in the veins required for dialysis (vascular access). The WRAPSODY CIE is designed to help clinicians restore vascular access in patients on hemodialysis who experience such obstructions. The study protocol provides for evaluation of clinical outcomes in patients treated with the WRAPSODY CIE over three years. Omar Davis, MD, President and Medical Director at Bluff City Vascular and Investigator in the WRAP North America registry, enrolled the first patient in the registry.
“We appreciate the ingenuity and novelty of the WRAPSODY CIE,” said Dr. Davis. “Participation in this registry is an important opportunity for us to assess the ability of this device to optimize hemodialysis care for our patients.”
The superior performance of the WRAPSODY CIE in the clinical trial setting was previously demonstrated in the WRAPSODY Arteriovenous Access Efficacy (WAVE) pivotal trial. The WAVE trial included two arms. In the randomized arm, patients with an arteriovenous fistula (AVF) were treated with the WRAPSODY CIE or percutaneous transluminal angioplasty (PTA). In the non-randomized arm, clinical outcomes of patients with an arteriovenous graft (AVG) were compared to historical outcomes (i.e., performance goals) of AVG patients treated with previous-generation covered stents.
“The WRAPSODY CIE’s ability to restore vascular access for patients on hemodialysis who experience obstructions is promising,” said David J. Dexter II, MD, FACS, National Principal Investigator of the WRAP North America registry and Vascular Surgeon at Sentara Health Research Center in Norfolk, VA. “The opportunity to evaluate the WRAPSODY CIE’s real-world effectiveness will help address critical questions regarding the broader impact of its use in clinical practice.”
The WRAP North America registry is intended to add to Merit’s growing portfolio of clinical evidence supporting the WRAPSODY CIE. If completed as designed, it would represent the largest cohort of patients treated with an implantable device to restore vascular access for hemodialysis.
“The first patient enrolled in the WRAP North America registry is an important milestone in our ongoing efforts to collect the highest quality of evidence regarding the WRAPSODY CIE’s performance,” said Fred P. Lampropoulos, Merit’s Chairman and Chief Executive Officer. “Advancing technology that transforms lives through improved patient care is at the heart of what we do. Helping our physician partners shape the future of dialysis is both exciting and rewarding, and we look forward to seeing the difference that the WRAPSODY CIE makes in the lives of many patients.”
Real-world outcomes associated with the use of the WRAPSODY CIE are also being evaluated in the WRAP Global registry, also being conducted by Merit, which was designed to enroll up to 500 patients outside of North America. Final enrollment in the WRAP Global registry is expected by the end of 2025.
For additional information on Merit’s WRAP North America registry, please visit: https://clinicaltrials.gov/study/NCT06807099 .
For additional information on Merit’s WRAP Global registry, please visit: https://www.clinicaltrials.gov/ct2/show/NCT05062291 .
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, please visit: https://www.merit.com/product/wrapsody-cie/ .
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, Part II, Item 1A, “Risk Factors” in Merit’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 and Merit’s other filings 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 7,300 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
PR/Media Inquiries
Sarah Comstock
Merit Medical
+1-801-432-2864 |
[email protected]
INVESTOR INQUIRIES
Mike Piccinino, CFA, IRC
Westwicke - ICR
+1-443-213-0509 |
[email protected]