AngioDynamics

AngioDynamics

ANGO
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Private Company

Total funding raised: $150M

Market Cap: $459.9MFounded: 1988HQ: Latham, Netherlands

Overview

AngioDynamics is a publicly traded medical device company with a mission to improve patient lives by providing innovative, minimally invasive tools for treating peripheral vascular disease and cancer. The company has strategically evolved from a broad vascular access provider into a focused innovator, building a diversified technology portfolio through R&D and acquisitions. Its current strategy centers on commercializing and expanding the clinical evidence for its three core platforms—Auryon, AlphaVac, and NanoKnife—while navigating a competitive landscape and managing the financial and operational challenges of a mid-cap device maker.

CardiovascularOncology

Technology Platform

A diversified platform of minimally invasive interventional technologies, including the Auryon laser atherectomy system for PAD, the AlphaVac mechanical thrombectomy system for large-vessel clots, and the NanoKnife irreversible electroporation system for tumor ablation.

Funding History

1
Total raised:$150M
Debt$150M

Opportunities

Significant opportunities exist in expanding the AlphaVac system into the large pulmonary embolism market and the Auryon system into below-the-knee critical limb ischemia.
The NanoKnife platform has blockbuster potential if pivotal studies successfully expand its indication into focal treatment of prostate cancer.

Risk Factors

Key risks include intense competition from larger, better-funded medical device companies, execution risk in commercializing new platform indications, and clinical/regulatory risk associated with pivotal trials whose outcomes are critical for future growth.

Competitive Landscape

AngioDynamics faces fierce competition across all segments: in atherectomy from Philips and Boston Scientific; in thrombectomy from Penumbra and Inari Medical; and in tumor ablation from thermal ablation technologies by Medtronic, Boston Scientific, and J&J. Its strategy relies on clinical differentiation within specialized niches.