15.10.2015 18:07:00
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STENTYS Reports 84% Growth in Third-Quarter 2015 Revenues
STENTYS (FR0010949404 — STNT), a medical technology company commercializing the world's first and only Self-Apposing® coronary stent, today announces its third-quarter and 9-month revenues to September 30, 2015.
- Change in third-quarter and nine-month revenues*
9 months | Quarterly – 3 months | |||||||||||
€ thousands | 9 months 2015 | 9 months 2014 | % change | Q3 2015 | Q3 2014 | % change | ||||||
Revenues | 4,221.6 | 2,812.4 | +50.1% | 1,615.6 | 876.5 | +84.3% |
* Data reviewed by the statutory auditors
STENTYS recorded third quarter 2015 revenues of €1.6 million, an increase of 84% over the third quarter of 2014. Revenues comprised nearly entirely of sales from the Company’s proprietary stents. The significant growth achieved was driven by the launch of the new Xposition® stent, and from sales to hospitals in the Middle East as part of the regional tender awarded to STENTYS in October 2014. MiStent SES®, currently in a controlled launch phase, contributed marginally to total revenues.
Over the first 9 months of 2015, revenues were up 50%, to €4.2 million, as compared to the first 9 months of 2014.
Gonzague Issenmann, Chief Executive Officer and co-founder of STENTYS, comments: "Our strong third quarter performance is indicative of the growing adoption of Xposition® among interventional cardiologists, while having only been commercially available for a few months. We expect the sales momentum to continue over the coming quarters.”
- Upcoming events
Participation in the "Salon Actionaria” investor fair on November 20 – 21, 2015, in Paris
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
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/20151015006276/en/
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