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    BONEX   SE0009858152

BONESUPPORT HOLDING AB (PUBL)

(BONEX)
  Report
Delayed Nasdaq Stockholm  -  11:29:50 2023-02-07 am EST
86.10 SEK   -0.81%
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BONESUPPORT : receives "breakthrough device designation" for CERAMENT G for the indication trauma

06/17/2021 | 04:01am EST

Lund, Sweden, 10:00 CET, 17 06 21 BONESUPPORT(TM), an emerging leader in orthobiologics for the management of bone injuries, today announced that the company's antibiotic eluting product CERAMENT G has been categorized as a breakthrough device for the indication trauma by the US Food and Drug Administration (FDA).

The categorization "breakthrough device" can be assigned to products that are considered to provide a more effective treatment of severe disease states, where there is no comparable equivalent on the market. The categorization is intended to expedite the regulatory review of medical devices so that patients receive faster access to new treatment options.

"We will submit a regulatory application including trauma by the end of 2021. The decision from the FDA is of course important regarding the upcoming reimbursement process and with which priority our application will be processed," said Emil Billbäck, CEO of BONESUPPORT.

CERAMENT G has been classified as a breakthrough device for the indication osteomyelitis (bone infection) since March 2020 and BONESUPPORT is currently working to supplement previously submitted application, with the aim of reaching a potential approval for bone infection during the first quarter of 2022. A potential approval for the indication trauma may become effective at the end of 2022.

 

For more information contact:

BONESUPPORT HOLDING AB
Emil Billbäck, CEO
+46 (0) 46 286 53 70

Håkan Johansson, CFO
+46 (0) 46 286 53 70
ir@bonesupport.com

Cord Communications
Charlotte Stjerngren
+46 (0) 708 76 87 87
charlotte.stjerngren@cordcom.se
www.cordcom.se

About BONESUPPORT(TM)

BONESUPPORT (Nasdaq Stockholm: BONEX) 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. BONESUPPORT's bone graft substitutes are based on the patented technology platform CERAMENT. The company is conducting several clinical studies to further demonstrate the clinical and health economic benefits its products deliver. The company is based in Lund, Sweden, and the net sales amounted to SEK 181 million in 2020. Please visit www.bonesupport.com for more information.

BONESUPPORT and CERAMENT are registered trademarks of BONESUPPORT AB.

https://news.cision.com/bonesupport-holding-ab/r/bonesupport-receives--breakthrough-device-designation--for-cerament-g-for-the-indication-trauma,c3369484

https://mb.cision.com/Main/16090/3369484/1433426.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2022 322 M 30,3 M 30,3 M
Net income 2022 -59,4 M -5,60 M -5,60 M
Net cash 2022 170 M 16,1 M 16,1 M
P/E ratio 2022 -96,4x
Yield 2022 -
Capitalization 5 603 M 528 M 528 M
EV / Sales 2022 16,9x
EV / Sales 2023 12,0x
Nbr of Employees 92
Free-Float 85,5%
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Last Close Price 86,80 SEK
Average target price 123,50 SEK
Spread / Average Target 42,3%
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Managers and Directors
Emil Billbńck Chief Executive Officer
Hakan Johansson Chief Financial Officer
Erling Lennart Johansson Chairman
Michael Diefenbeck Chief Medical Officer & EVP-Medical Affairs
Michael Wrang Mortensen EVP-Research, Development & Operations
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