Report Publication Announcement • May 29, 2018
Report Publication Announcement
Open in ViewerOpens in native device viewer
Lund, Sweden, 08:00 CET, 29 May 2018 – BONESUPPORT™ an emerging leader in Orthobiologics for the management of bone voids, announces plans to expand its sales organization in Europe by employing a further 13 sales representatives in its key markets in 2018. The objective is to significantly increase the market penetration of its antibiotic-eluting products CERAMENT® Gand CERAMENT® V.
"CERAMENTGand V have strong sales momentum in Europe due to their increased use in a wide range of orthopedic indications. The adoption level is particularly high in osteomyelitis, a challenging indication that generally requires repeated surgical interventions. We see significant commercial potential for CERAMENTGand V in multiple important treatment areas, including the much larger trauma indication. Today's decision to almost double the number of sales specialists in Europe, reflects the sizeable opportunity we see for our CERAMENTproducts across the region in indications where we have so far had a relatively low level of penetration," says Emil Billbäck, CEOof BONESUPPORT.
BONESUPPORThas more than 130 publications demonstrating the advantages of the CERAMENTplatform in relation to the treatment of bone voids. In March 2018, three studies were presented at the British Limb Reconstruction Society (BLRS) meeting. The larger of these studies1, compared the treatment of CERAMENTGwith Wright Medical's OSTEOSET® T. The study showed clear benefits in terms of significantly better bone healing and reduced risk of recurring infections with the use of CERAMENTG, which in turn reduces patient in hospital stay.
Emil Billbäck, CEO
+46 (0) 46 286 53 70
Björn Westberg, CFO
+46 (0) 46 286 53 60
Pip Batty, David Dible, Shabnam Bashir, IsabelleAndrews
+44 (0)20 7282 1022
BONESUPPORTis an innovative and rapidly growing commercial stage orthobiologics company, based in Lund, Sweden. The Company develops and commercializes innovative injectable bio-ceramic bone graft substitutes that remodel to the patient's own bone and have the capability of eluting drugs directly into the bone void.
BONESUPPORT's bio-ceramic bone graft substitutes CERAMENT® BONE VOID FILLER(BVF), CERAMENT® G* and CERAMENT® V* are all based on the Company's novel and proprietary technology platform.
The Company's products are targeting a large addressable market opportunity across trauma, chronic osteomyelitis (bone infection), revision arthroplasty (replacement of a joint prosthesis) and infected diabetic foot.
BONESUPPORT's total sales increased from SEK 62 million in 2015 to SEK 129 million in 2017, representing a compound annual growth rate of 45%.
The Company's research and development is focused on the continuing development and refinement of its CERAMENTtechnology to extend its use into additional indications by the elution of drugs and therapeutic agents. The Company currently has a pipeline of pre-clinical product candidates that have been designed to promote bone growth.
In addition, BONESUPPORTis looking at opportunities to expand its product offering in the US and has recently entered into a strategic agreement with Collagen Matrix Inc. to market and distribute products that are complementary to CERAMENTBVF.
BONESUPPORTis listed on Nasdaq Stockholm and trades under the ticker "BONEX" (ISINcode: SE0009858152). Further information is available at www.bonesupport.com
*CERAMENTG: Not available in the United States, for investigational use only. CERAMENTV: Not available in the United States.
This information is such information as BONESUPPORT HOLDING AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00am CET on 29 May 2018.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.