13.01.2016 17:45:00
|
STENTYS Reports 81% Year-over-Year Growth in Fourth-Quarter 2015 Revenues
Regulatory News:
STENTYS (Paris:STNT) (FR0010949404 — STNT), a medical technology company commercializing the world's first and only Self-Apposing® coronary stent, today announces its revenues for the fourth quarter and full year 2015.
- 2015 annual and fourth-quarter revenues*
Annual | Quarterly | |||||||||||
€ thousand | 2015 | 2014 | % change | Q4 2015 | Q4 2014 | % change | ||||||
Revenues | 6,102.06 | 3,851.10 | +58.5% | 1,880.46 | 1,038.70 | +81.0% |
* Figures reviewed by the statutory auditors
STENTYS recorded revenues of €1.9 million in the final quarter of 2015, an increase of 81% compared with the same quarter of 2014. Over 2015 as a whole, revenues were up 59% and totaled €6.1 million. This number confirms the Xposition® stent’s growing adoption among cardiologists since its launch during the 2nd quarter of 2015. Over the 2nd half of the year, regional tenders awarded in the Middle East also contributed to the Company’s growth. MiStent® SES commercialization continued as a controlled launch and is now active in 8 countries, with revenues of €283k during the 2015 fiscal year.
- Cash position
At December 31, 2015, STENTYS had a cash position of €10.7 million, vs. €18.6 million at December 31, 2014.
Gonzague Issenmann, Chief Executive Officer and co-founder of STENTYS, explains: "The continued growth acceleration over all four quarters of 2015 confirms that the Xposition drug eluting stent perfectly meets the needs of cardiologists: the product is now more efficacious and easier to use. In 2016, our ambition is to keep delivering a high growth rate, with the expansion of our geographical coverage, the development of high-potential indications (such as left main coronary artery disease) and the continued controlled launch of the MiStent stent.”
- Upcoming financial report
STENTYS expects to publish its financial results for 2015 on March 16, 2016
About STENTYS
STENTYS is developing and commercializing
innovative solutions for the treatment of patients with complex coronary
artery disease. STENTYS’ Self-Apposing® Stents are designed
to adapt to vessels with ambiguous or fluctuating diameters in order to
prevent the malapposition problems associated with conventional stents.
The APPOSITION clinical trials in the treatment of acute myocardial
infarction showed a very low one year mortality rate and a faster
arterial healing compared to conventional stents. The company’s product
portfolio also includes MiStent SES®, a coronary DES whose
new drug delivery mechanism is designed to match vessel response, and is
marketed through STENTYS’ commercial network in Europe, the Middle East,
Asia and Latin America. More information is available at www.stentys.com.
Safe Harbor Statements
This press release contains
forward-looking statements about the Company that are based on numerous
assumptions regarding the Company’s present and future business
strategies and the environment in which it will operate in the future
which may not be accurate. Such forward-looking statements involve known
and unknown risks which may cause the Company’s actual results,
performance or achievements to differ materially from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, risks
associated with the development and commercialization of the Company’s
products, market acceptance of the Company’s products, its ability to
manage growth, the competitive environment in relation to its business
area and markets, its ability to enforce and protect its patents and
proprietary rights, uncertainties related to the U.S. FDA approval
process, slower than expected rates of patient recruitment for clinical
trials, the outcome of clinical trials, and other factors, including
those described in the Section 4 "Risk Factors” of the Company’s 2014
Registration Document (document de référence) filed with the French
Autorité des Marchés Financiers on July 29, 2015 under number D.15-0807
as such section may be updated from time to time.
STENTYS is listed on Comp. C of the Euronext Paris market
ISIN:
FR0010949404 – Ticker: STNT
View source version on businesswire.com: http://www.businesswire.com/news/home/20160113005950/en/
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu STENTYSmehr Nachrichten
Keine Nachrichten verfügbar. |