Thermo Fisher Scientific Inc. Stock Falls Monday, Underperforms Market

enVVeno Medical Corp

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Health Care : Health Care Equipment & Supplies | Small Cap Growth

Company profile

enVVeno Medical Corporation is a med-tech company. The Company is focused on improving the standard of care in the treatment of venous disease. The Company is focused on developing tissue-based solutions that are designed for patients with chronic venous insufficiency (CVI). Its lead product, VenoValve, is a porcine based device being developed to surgically implanted in the deep venous system of the leg to treat severe CVI, including the potential to heal recurring venous leg ulcers. The VenoValve is designed to be implanted into the femoral vein of the patient in an open surgical procedure via a five-to-six-inch incision in the upper thigh. The VenoValve is being evaluated in the surgical anti-reflux venous valve endoprosthesis (SAVVE) United States clinical trial. In addition to the VenoValve, the Company is focused on the development of a second device, enVVe, for the treatment of venous disease.

Thermo Fisher Scientific Inc. Stock Falls Monday, Underperforms Market

5:26 pm ET January 3, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Thermo Fisher Scientific Inc. (TMO) slipped 3.35% to $644.92 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.64% to 4,796.56 and the Dow Jones Industrial Average rising 0.68% to 36,585.06. The stock's fall snapped a three-day winning streak. Thermo Fisher Scientific Inc. closed $27.42 short of its 52-week high ($672.34), which the company achieved on December 31st.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Danaher Corp. (DHR) fell 4.03% to $315.76, Intuitive Surgical Inc. (ISRG) rose 0.19% to $360.00, and Becton Dickinson & Co. (BDX) rose 0.69% to $253.21. Trading volume (1.9 M) eclipsed its 50-day average volume of 1.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 3, 2022.

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January 03, 2022 17:26 ET (22:26 GMT)