Some funds are selling for a reason that has been around quite a while, so it's not new, and it's mandatory stent price cuts directed by authorities in Japan, India & China.
Yes you can see how things have hit Terumo Corp (Terumo), which licenses BIGâs drug-eluting stent technology in exchange for a royalty fee.
In results on Tuesday, you can see its drug eluting stent sales in Japan was felled by the National Health Insuranceâs official price cut (~15%) and increased competition from new product launches.