| [January 24, 2013] |
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STENTYS 2012 Annual Revenues up 77% over Prior Year
PRINCETON, N.J. & PARIS --(Business Wire)--
STENTYS (FR0010949404 - STNT), a medical technology company
commercializing in Europe the world's first and only Self-Apposing®
stent to treat acute myocardial infarction (AMI), today reports its
fourth quarter and full year revenues1 for the
year 2012.
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2012 fourth quarter and annual revenues
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Annual - 12 months
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Quarterly - 3 months
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In € thousands
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2012
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2011
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Var %
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Q4 2012
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Q4 2011
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Var %
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Revenues
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2,530.7
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1,432.0
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+77%
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707.5
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463.0
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+53%
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Over 2012 as a whole, STENTYS revenues were up 77.0% at €2,530.7
thousand. Sales continued to grow (53%) in the fourth quarter of 2012
for a total of €707.5 thousand, characterized by increased pressure on
hospital budgets at the year end. The sales performance recorded in 2012
continues to indicate substantial appeal for the STENTYS Self-Apposing
stent amongst cardiologists in countries where it has been pre-marketed.
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2013: expanding globally
STENTYS anticipates that
2013 will be a fruitful year in terms of scientific and sales
development, with substantial news flow.
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Clinical trials in Europe and the United States
The
final results of the APPOSITION III clinical trial on 1,000
patients, one year after heart attack treatment with a STENTYS
stent, will be presented in March at the American College of
Cardiology conference in San Francisco (ACC.13). The results of
the APPOSITION IV clinical trial, which compares the new STENTYS
Sirolimus-eluting stent to Medtronic's DES in 150 patients, are
also expected to be presented this year at a major medical
conference.
Lastly, the Company is actively preparing
the start of the pivotal clinical trial in the United States
(APPOSITION V), with the first patients scheduled to be enrolled
during the first half of the year. This first trial in the US will
considerably expand the Company's visibility in the world's
largest market.
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Sales expansion beyond Europe
Based on
the experience acquired during pre-marketing activities underway
in a number of European countries, STENTYS will enlarge its sales
network to new geographical regions where the European CE Mark is
recognized by working with local distributors. Furthermore, the
Company will continue to develop its own sales force in the
European countries where it is already present in order to improve
its geographical coverage and increase the number of hospitals in
which its products are available.
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Solid cash position at end-2012
At 31 December 2012,
STENTYS had cash of €45.6 million. The strong cash position is due in
part to €36 million in gross proceeds from the capital increase with
rights issue successfully carried out in the fourth quarter of 2012.
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STENTYS shares transferred from compartment C to compartment B of
NYSE Euronext
Since 17 January 2013, STENTYS shares
have been transferred to compartment B of NYSE Euronext, which
includes companies with a market cap of between €150 million and €1
billion. This transfer is a result of the Company's capitalization at
31 December 2012 and its average capitalization over the last 60
trading days of the year. Such a transfer can be beneficial in
enhancing the liquidity of STENTYS shares.
Gonzague Issenmann, Chief Executive Officer and co-founder of STENTYS,
stated: "In 2013, STENTYS is entering a new era: the initiation of
our FDA-approved US pivotal clinical trial as well as new financial
resources enable us to execute our global strategy. We hope to confirm
the excellent results of the APPOSITION III clinical trial seen to date
when we report further data in March, and we will move on to the next
stage of our sales strategy by establishing distribution contracts in
many new parts of the world."
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Upcoming Financial Results
STENTYS expects to
publish its 2012 annual financial results on 28 March 2013, before
market.
About STENTYS:
STENTYS is developing and commercializing innovative solutions for the
treatment of patients with acute myocardial infarction (AMI, or heart
attack) and complex coronary artery disease. STENTYS's Self-Apposing®
Stents are designed to adapt to vessels with ambiguous or fluctuating
diameters, particularly in the post-infarction phase, in order to
prevent the malapposition problems associated with conventional stents.
In the APPOSITION III clinical trial, STENTYS stents demonstrated a very
low 30-day mortality rate among 1,000 high-risk AMI patients when
compared to recent studies with conventional stents. More
information is available at www.stentys.com.
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, including with respect to a pre-market approval for the
Company's BMS, 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 Autorité des marchés financiers in France on June
25, 2012 under number R.12-033 as such section may be updated from time
to time.
STENTYS is listed on Compartment B of the NYSE Euronext Paris ISIN:
FR0010949404 - Ticker: STNT
1 Unaudited

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