Onward Medical FIRST LOOK: First commercial sales for ARC-EX
Only days after its de novo FDA approval for ARC-EX in clinic use, Onward has realized its first sales of the device. The two initial customers are UW Medicine and Next Steps Chicago, which appears in line with the company's previously communicated limited launch strategy. We look forward to seeing more sales materialize over the year. We reiterate our € 10.4 TP and Buy rating.