Uncategorized

Artimplant Year-End Report Jan. – Dec. 2008

· Net revenue for the fourth quarter amounted to SEK 4.6 million (5.0) and for January-December to SEK 12.1 million (16.3)*
· The net loss for the fourth quarter totaled SEK 6.0 million (2.1) and for January-December SEK 22.6 million (13.5)
· Earnings per share for the fourth quarter amounted to SEK -0.10 (-0.04) and for January-December SEK -0.38 (-0.23)
· Sales of Artelon® Spacer to end-customers totaled approximately 3,500 (3,900) units, of which 900 (1,100) were during the fourth quarter
· Sales of Artelon® Tissue Reinforcement to end-customers totaled approximately 1,000 (600) units, of which 300 (200) were during the fourth quarter
· An exclusive distributor agreement for the USA regarding Artelon® CCL for cruciate ligament reconstruction in dogs has been signed with BioMedtrix
· Proof-of-concept animal study commenced for treatment with Artelon® of osteoarthritis in the knee
· Over 11,000 patients have been treated with Artelon® implants up to and including December 2008

EVENTS AFTER THE PERIOD-END
· Spacer agreements with Small Bone Innovations have been made non-exclusive and Artimplant’s margin per unit sold has been increased significantly

N.B. This is a translation from Swedish. The Swedish version shall always take precedence.

Artimplant will hold a telephone conference by reason of this report on February 20, 2009 at 11 am (GMT+1). For further information see www.artimplant.com.

Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

Related Articles

Back to top button