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Curetis / Curetis Publishes Business and Financial Update for the First Quarter 2018 . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.
Curetis Publishes Business and Financial Update for the First Quarter 2018
- Received U.S. FDA clearance for Unyvero System and LRT Cartridge
- Grew revenues in EMEA direct selling markets by 518% vs Q1 2017
- Closed EUR 4.1 million equity offering and gained access to additional USD 10 million equity facility
Amsterdam, the Netherlands, Holzgerlingen, Germany and San Diego, CA, USA, May 18, 2018; published at 01:00 a.m. EDT - Curetis N.V. (the "Company" and, together with its subsidiaries, "Curetis"), a developer of next-level molecular diagnostic solutions, today published a business and financial update for the three months ended March 31, 2018.
Operational and Business Highlights 2018 YTD
Unyvero System and Unyvero LRT Cartridge cleared by U.S. FDA
Business Development and Market Expansion
Global Installed Base
U.S. Scientific Advisory Board
Financial Highlights for the First Three Months 2018
Key Non-Audited Financials as of March 31, 2018
|Consolidated numbers in '000 Euros|
|For the three months ended March 31, 2018||For the three months ended March 31, 2017|
|Total comprehensive loss||-5,701||-4,338|
|March 31, 2018||December 31, 2017|
|Cash and cash equivalents||11,367||16,311|
"In April, we reached a key corporate milestone with the U.S. FDA clearance for our Unyvero System and the LRT Cartridge. It is exciting to enter the U.S. market with a first-in-class-product with no direct competition in the U.S.," said Dr. Oliver Schacht, CEO of Curetis. "In our EMEA direct selling markets, we have increased systems and cartridge revenues by more than 500%. We expect to continue executing on our commercial conversion campaign, expand our commercial distribution partner network and launch new and updated Unyvero applications. Looking ahead, we believe that continued commercial expansion, new cartridge launches, platform expansion and value-creating partnerships will provide long-term growth prospects."
Curetis N.V.'s (Euronext: CURE) goal is to become a leading provider of innovative solutions for molecular microbiology diagnostics designed to address the global challenge of diagnosing severe infectious diseases and identifying antibiotic resistances in hospitalized patients.
Curetis' Unyvero System is a versatile, fast and highly automated molecular diagnostic platform for easy-to-use, cartridge-based solutions for the comprehensive and rapid detection of pathogens and antimicrobial resistance markers in a range of severe infectious disease indications. Results are available within hours, a process that can take days or even weeks if performed with standard diagnostic procedures, and thereby facilitates improved patient outcomes, stringent antibiotic stewardship and health economic benefits. Unyvero in vitro diagnostic (IVD) products are marketed in Europe, the Middle East, Asia and the U.S.
Curetis' wholly owned subsidiary Ares Genetics GmbH offers next-generation solutions for infectious disease diagnostics and therapeutics. The ARES Technology Platform combines what Curetis believes to be the world's most comprehensive database on the genetics of antimicrobial resistances, ARESdb, with advanced bioinformatics and artificial intelligence.
For further information, please visit www.curetis.com and www.ares-genetics.com.
This document constitutes neither an offer to buy nor an offer to subscribe for securities and neither this document nor any part of it should form the basis of any investment decision in Curetis.
The information contained in this press release has been carefully prepared. However, Curetis bears and assumes no liability of whatever kind for the correctness and completeness of the information provided herein. Curetis does not assume an obligation of whatever kind to update or correct information contained in this press release whether as a result of new information, future events or for other reasons.
This press release includes statements that are, or may be deemed to be, "forward-looking statements." These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," "expects," "intends," "targets," "may," "will," or "should" and include statements Curetis makes concerning the intended results of its strategy. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Curetis' actual results may differ materially from those predicted by the forward-looking statements. Curetis undertakes no obligation to publicly update or revise forward-looking statements, except as may be required by law.
International Media & Investor Inquiries
Dr. Ludger Wess / Ines-Regina Buth
Tel. +49 40 88 16 59 64
Tel. +49 30 23 63 27 68
U.S. Media & Investor Inquiries
The Ruth Group
Tel. +1 646 536 7012
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