Study rated a J&J stent above Medtronic rival

Bloomberg News
March 16, 2010 at 3:23AM

Medtronic Inc.'s drug-coated heart stent Endeavor had more deaths and complications than Johnson & Johnson's rival device to prop open clogged arteries, research funded by both companies found.

After 18 months, Medtronic's Endeavor stent was tied to heart attacks, deaths and repeat surgeries in 9.7 percent of patients, compared with 4.5 percent for J&J's Cypher, according to a study presented Monday at the American College of Cardiology meeting in Atlanta and published online by the journal Lancet.

Results confirm findings from similar nine-month data reported in 2008 that found Cypher safer, said Micheal Maeng, lead researcher of the recent 2,332-patient study.

The new findings may cut Medtronic's share of the $4 billion global market for drug-coated stents to 18 percent, from 20 percent, said Jan Wald, an analyst with Noble Financial Group in Boston.

"If you have to compare the two stents, the Cypher stent is a better stent," said Maeng, the study's lead researcher and a cardiologist at Aarhus University Hospital in Denmark, in a statement. He has received payments from both Medtronic and J&J.

The design of the study "raises questions about the reproducibility, viability and applicability of the results," Medtronic said in a statement.

The Fridley-based device maker faulted the study's reliance on data from a Danish patient registry rather than direct physician follow-up of patients, and the method by which investigators collected data on certain complication rates.

Jeffrey Leebaw, a spokesman for New Brunswick, N.J.-based J&J, had no immediate comment on Medtronic's statement. Maeng didn't return calls seeking comment.

Medtronic shares rose almost 4.3 percent, or $1.87, to close at $45.81 on Monday. J&J increased 39 cents to $64.57.

Stents are tiny wire-mesh tubes used to prop open arteries after surgeons have cleared them of fatty deposits that otherwise may obstruct the flow of blood.

The current generation of devices is coated with chemical polymer and drugs to prevent tissue from growing inside the stent and reblocking the artery.

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