Nevro Corp (NYSE:NVRO)
$ 5.06 -0.26 (-4.89%) Market Cap: 188.65 Mil Enterprise Value: 166.94 Mil PE Ratio: 0 PB Ratio: 0.69 GF Score: 42/100

Nevro Corp at JPMorgan Healthcare Conference Transcript

Jan 15, 2020 / 05:00PM GMT
Release Date Price: $118.27 (+3.46%)
Robert Justin Marcus
JP Morgan Chase & Co, Research Division - Analyst

Good morning, everyone. I'm Robbie Marcus, a Medical Device Analyst at JPMorgan, and I'm very happy to introduce our next speaker, Keith Grossman, Chairman, CEO and President of Nevro. Keith?

D. Keith Grossman
Nevro Corp. - Chairman of the Board, CEO & President

Thank you, Robbie. Good morning, everyone. Welcome to those of you here in the room and those of you joining on the web. My name is Keith Grossman. I will certainly make some forward-looking statements, so I'd refer you to the safe harbor language in our SEC filings.

So Nevro is a leading participant in the spinal cord stimulation for chronic pain market. What does that mean? What we're doing here is we're using predominantly 1 of 2 mechanisms of action to either mask or interrupt the pain signal traveling from the pain site to the brain. This has become a sizable market of about 100,000 patients treated annually. About 80% of that market, by the way, is here in the U.S.

The worldwide market for these

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