Teleflex (NYSE: TFX) + today announced a partnership with Shenzhen Insighters Medical Technology Co., even as its stock took a hit from an analyst downgrade.
The partnership makes Teleflex the exclusive U.S. distributor of the Insighters video laryngoscope system. Insighters designed the system to inspect the upper glottic airway and facilitate endotracheal intubation. It features interchangeable accessories and components to support a variety of intubation scenarios. The system also records real-time, high-resolution images and video.
The news comes on the same day that Needham & Co. downgraded its rating of TFX shares to Hold from a previous Buy. Senior research analyst Mike Matson wrote that Needham research found that urologists are reducing their use of UroLift due to its retreatment rates, reimbursement cuts, and increasing use of competing procedures. Matson added that Teleflex’s Manta large-bore closu…