And the way to do that is you can’t be a division of only 1 product. And I think the teams over the last 4 or 5 years, have done a really good job at building that and there’s more opportunity. I’d say probably the one that we’re looking at and is very exciting for us is mitral replacement. We’ve launched our Pendine product, which was more a transapical system. Our Cephea system is the transfemoral transseptal and feedback that we’ve seen from early implanters, early first in man is that this is a great, great valve. So there’s an opportunity there also. So I’d say most organic, but we got the capacity for inorganic if it makes sense.
Mike Comilla: Operator, we’ll take one more question, please.
Operator: And our final question will come from Danielle Antalffy from UBS.
Danielle Joy Antalffy : And yes, congrats on a strong start to the year. Robert, we spent a lot of time talking about the durability of growth in the med tech business. So I don’t want to get too greedy, but just following up on Joanne’s question regarding you guys do have a strong balance sheet. Are there any areas — I guess sort of how do you feel about the state of the med tech business today? And do you feel there are growth areas within med tech that maybe Abbott isn’t participating in today that Abbott could or should participate in today? And where are you looking beyond your current markets, if at all? I’ll just leave it to one.
Robert Ford : Sure. I get the attempt for triangulation here in the multiple different ways, and I guess I’ll sign a little bit boring here in terms of how I talk about this. I’ve been public that, yes, we are interested. We look at areas that we can add value to. I’d say, probably the ones that have jumped out more at us in terms of a study and looking at are probably more in the medical device side and on the diagnostic side. We did look at a strategy for biosimilars for our medicines business and that was a pretty capital efficient way to do it. Yes, we’re looking. We continue to study, but I’m not going to sit here and telegraph exactly it’s this, it’s that. I think the key thing here is just, I mean, look at our medtech business did this quarter, look what it did previous four quarters and that allows me to be a little bit more selective.
Over the last couple of months we’ve seen some fairly large transactions in the medtech space. Those seem to be attractive growth areas. I talked about us getting access to some early IVL technology with the CSI acquisition. That’s an important area for us to focus on. But I don’t feel that, with our strong organic growth that we need to go out and not pay attention to like other key financial metrics that for us are important in terms of ROICs and those, because we’ve got that strong growth rate in medtech. You won’t get me telegraphing here exactly, Danielle, what specific segments we are looking at. What I can tell you is, we have an active team. They study a lot. We look a lot. We follow a lot. If there’s a moment that makes sense for us and those segments continue to be interesting, we’ve got the balance sheet and the track record to show that, we can drive value out of these acquisitions.
I’ll just leave it like that. Yes, we’ve got flexibility, that doesn’t mean that we don’t pay attention to other key financial returns as we’re looking at it. I feel that I can do that because we’ve got such a strong top-line growth and great pipeline and prospects. With that, I’ll leave it like that. I’ll just close by saying that, we’re very pleased with a very strong start to the year. We delivered another quarter of double-digits organic sales growth on the base business. The investments that we’ve made during all those years of COVID are generating real strong returns. The pipeline continues to be highly productive, as I’ve outlined. We’ve got clear visibility to a pipeline all the way out to ’27, ’28. Obtained several new product approvals that are going to help us accelerate our growth in certain areas.
Typically don’t raise guidance in the first quarter, but given the strong performance and the outlook and the remainder of the year, we felt comfortable doing that and we’re very well positioned to continue to sustainably deliver top tier results. With that, I’ll wrap up and thank all of you for joining us today.
Mike Comilla: Thank you, operator, and thank you all for your questions. This now concludes Abbott’s conference call. A webcast replay of this call will be available after 11:00 am Central Time today on Abbott’s Investor Relations website at abbotinvestor.com. Thank you for joining us today.
Operator: Thank you. This concludes today’s conference call. Thank you for your participation. You may now disconnect. Everyone, have a wonderful day.
