12.07.2016 17:45:00
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STENTYS: 41% Increase in Revenues in the Second Quarter of 2016
Regulatory News:
STENTYS (FR0010949404 - STNT) (Paris:STNT), a medical technology company commercializing the world's first and only Self-Apposing® coronary stent, today announces its revenues and cash position at June 30, 2016.
- Change in revenues*
1st half | 2nd quarter | |||||||||||
€ thousands | 2016 | 2015 |
% |
2016 | 2015 |
% change |
||||||
Revenues | 3,644.4 | 2,606.0 | +39.8% | 2,131.8 | 1,512.0 | +41.0% |
* Unaudited data
Over the second quarter of 2016, STENTYS continued to deliver a solid commercial performance with revenues up 41% to €2.1 million. This growth momentum again reflects the demand from cardiologists for the Xposition stents. Over the first half of 2016, STENTYS recorded a 40% increase in sales to €3.6 million.
- A secure financial structure
At June 30, 2016, STENTYS had a cash position of €18.3 million.
Christophe Lottin, Chief Executive Officer of STENTYS, comments: "This significant increase in revenues for the sixth consecutive quarter shows how STENTYS team is able to build the Company’s growth with a strategy of product differentiation. I strongly believe that the Self-Apposing technology, combined with the easier delivery technique from the new catheter, provides a unique benefit to cardiologists and their patients, which is to guarantee perfect implantation in complex coronary pathologies.”
- Upcoming financial publication
STENTYS expects to publish its financial results for the first half of 2016 on September 15, 2016.
About STENTYS
STENTYS is developing and commercializing
innovative solutions for the treatment of patients with complex artery
disease. STENTYS’ Self-Apposing® drug-eluting 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 (AMF) on July 29, 2015 under number D.15-0807
and as updated in section 4.1 of the Registration Document Update filed
with the AMF on February 11, 2016 under number D.15-0807-A01.
STENTYS is listed on Compartment C of Euronext Paris
ISIN:
FR0010949404 – Ticker: STNT
View source version on businesswire.com: http://www.businesswire.com/news/home/20160712006270/en/
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