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STENTYS 2012 Annual Revenues up 77% over Prior YearPRINCETON, 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.
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.
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."
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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