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STENTYS: First Quarter Revenues Up 18% from 2013PRINCETON, N.J.& PARIS --(Business Wire)-- STENTYS (FR0010949404 - STNT), a medical technology company commercializing the world's first and only Self-Apposing® stent to treat Acute Myocardial Infarction (AMI), today announces its revenues for the first quarter ending March 31, 2014.
Over the first quarter of 2014, STENTYS recorded revenues of €854 thousand, an increase of 18% compared with the same quarter of 2013. This figure includes sales of the two versions of the Self-Apposing stent, the bare metal stent (BMS) and the paclitaxel-eluting stent (DES). STENTYS plans to transition the DES to the Sirolimus-eluting version, which is more frequently used.
The STENTYS Self-Apposing stent will be showcased during multiple late breaking Hotline Sessions at the annual EuroPCR meeting, to be held May 20-24, 2014, in Paris.
Gonzague Issenmann, Chief Executive Officer and co-founder of STENTYS, comments: "In the first quarter of 2014, sales of our stents continued to grow across all our markets. This momentum should accelerate, driven both by strong demand among cardiologists for our new sirolimus-eluting stent, which could receive approval as soon as the second half of this year, and by the expansion of our distribution network in high-potential regions."
STENTYS expects to publish its revenues for the first half of 2014 on July 24, 2014, after market.
About the STENTYS Self-Apposing® Stent
About STENTYS 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 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 NYSE Euronext Paris
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