Jon Young's questions to ANGIODYNAMICS (ANGO) leadership • Q4 2025
Question
Jon Young of Canaccord Genuity Group Inc. inquired about the regulatory pathway for the AlphaVac blood return product, whether the current product is facing a revenue ceiling, and if the MedTech guidance anticipates a significant inflection for NanoKnife after its new reimbursement code becomes effective in January 2026.
Answer
President and CEO Jim Clemmer explained that the AlphaVac blood return feature is an ancillary add-on requiring a 510(k) process, with discussions ongoing with the FDA. He asserted that AlphaVac is not hitting a revenue ceiling, citing growing hospital approvals and synergistic selling with AngioVac, and expects continued sequential growth. EVP and CFO Steve Trowbridge added that while NanoKnife growth will accelerate with reimbursement, it will not be an immediate "light switch" but a more gradual ramp in the second half of the fiscal year.