This Under-the-Radar Company May Be the Safest Coronavirus Stock to Buy

When most of us think of coronavirus stocks, we think of vaccine makers or drug treatment companies. A heart-pump specialist doesn't first come to mind. That's why this company wasn't among the most talked about as the coronavirus treatment race heated up.

So, who is this under-the-radar player? It's Abiomed (NASDAQ: ABMD), the manufacturer of popular circulatory support devices. This summer, the U.S. Food and Drug Administration (FDA) granted the company two emergency use authorizations (EUAs) for the use of its heart pumps in coronavirus patients. Abiomed is the only company to receive an EUA for a therapeutic cardiovascular device for COVID-19, a virus that can cause widespread inflammation resulting in damage to the lungs and heart. Let's dig deeper into Abiomed and understand why it might just be the safest coronavirus stock to buy right now.

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Source Fool.com