22.01.2015 18:33:00
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STENTYS 2014 Annual Revenues up 13% to €3.9 Million
Regulatory News:
STENTYS (Paris:STNT) (FR0010949404 — STNT – PEA PME eligible), a medical technology company commercializing the world's first and only Self-Apposing® coronary stent, today announces its consolidated revenues for the 4th quarter and full year 2014.
- 2014 fourth-quarter and annual revenues*
Annual – 12 months | Quarterly – 3 months | |||||||||||
€ thousand | 2014 | 2013 | Var. % | Q4 2014 | Q4 2013 | Var. % | ||||||
Revenues | 3,851.0 | 3,393.6 | +13% | 1,038.7 | 986.9 | +5% |
* Data reviewed by statutory auditors
For the year, revenues were up 13% at €3.9 million. The enhancement of the product portfolio, following the CE marking of the new Sirolimus-eluting stent (STENTYS SES), commenced at the very end of the year and contributed little to annual sales. However, a number of new accounts were opened in Italy, Germany, Poland, Finland and the Netherlands in December.
- Solid cash position
At December 31, 2014, STENTYS had cash and equivalents of €18.6 million vs. €20 million at September 30, 2014.
- Intense marketing program expected in 2015
In 2015, STENTYS will enter into an intensive commercial development phase marked by three successive new product launches:
1. STENTYS SES, the self-apposing Sirolimus-eluting stent
Now that this stent has obtained the CE mark, STENTYS will intensify its marketing throughout the European Union and register the product in other countries that recognize the CE mark where distributors have been appointed.
2. The new delivery catheter marketed under the Xposition brand name
This new delivery technology, which enables self-apposing stents to be implanted in the same manner as conventional balloon-expandable stents, will boost their adoption by cardiologists. This new product, which will be commercialized under the Xposition brand name, is expected to receive the CE mark during the 2nd half of 2015.
3. MiStent SES®, the bioabsorbable-coated stent
The MiStent SES®, the world’s first drug-eluting stent with sustained sirolimus elution beyond fast polymer bioabsorption, is a workhorse solution that perfectly complements the self-apposing technology. The MiStent SES is already CE marked and will be sold by the worldwide distribution network put in place by STENTYS in recent years.
- Initiation of the DESSOLVE III study on the MiStent SES®
STENTYS and Micell Technologies will partner on MiStent’s post-market clinical trial, DESSOLVE III. This international multi-center prospective "all comers” study will enroll 1,400 patients. The primary endpoint will be the 12-month rate of target lesion failure and patients will be followed up to three years.
Gonzague Issenmann, Chief Executive Officer and co-founder of STENTYS, comments: "Following a year of subdued growth in 2014, we are very optimistic and confident regarding 2015. Indeed, the enhancement and expansion of our product portfolio through highly differentiated products with meaningful clinical benefits will enable us to accelerate the commercialization through our distribution network which now covers 30 countries.”
- 2015 financial calendar*
Event | Date * | ||||
Full-Year Results 2014 | Tuesday, March 31, 2015 | ||||
Q1 Sales 2015 | Thursday, April 16, 2015 | ||||
Q2 Sales 2015 | Thursday, July 23, 2015 | ||||
Half-Year Results 2015 | Thursday, August 27, 2015 | ||||
Q3 Sales 2015 | Thursday, October 22, 2015 |
Financial year ended 31 December
* Subject to modification. Press releases are distributed after the financial markets close.
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.
In the APPOSITION III clinical trial, STENTYS stents demonstrated a very
low one year mortality rate among 1,000 heart attack patients when
compared to recent studies with conventional stents. More
information is available at www.stentys.com.
Forward Looking Statements
This press release contains
forward-looking statements about the Company’s business. Such forward
looking statements 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 2011 Registration Document (document de
référence) filed with the French Autorité des Marchés Financiers on
August 27, 2013 under number R.13-040 as such section may be updated
from time to time.
STENTYS is listed on Comp. B of the Euronext Paris
ISIN:
FR0010949404 – Ticker: STNT
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