Press Release: Curetis' Global Installed Base Expanding to Over 150 Unyvero Analyzers
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Press Release: Curetis' Global Installed Base Expanding to Over 150 Unyvero
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Curetis' Global Installed Base Expanding to Over 150 Unyvero Analyzers
- Completion of EMEA Direct Sales team build-out drives 46% growth in system
installations over the course of 2016
- Reported unaudited FY 2016 revenue and strong year-end cash position
Amsterdam, the Netherlands, and Holzgerlingen, Germany, January 31, 2017 -
Curetis N.V. (Euronext: CURE, the "Company" and, together with Curetis GmbH,
"Curetis"), a developer of next-level molecular diagnostic solutions, today
announced the installation of its milestone 150(th) Unyvero Analyzer worldwide.
Curetis has now grown its installed base of Unyvero Analyzers to 151 as of 31
January 2017. This compares with 103 Analyzers as of the end of 2015, 113 at
mid-2016 and 121 as of 30 September 2016.
"We are very pleased to reach this important installed base target, which
represents 46% growth in system installations over the course of 2016 and the
first month of 2017," said Dr. Oliver Schacht, CEO of Curetis. "As expected, we
have started to see significant momentum in placement rates beginning in Q4,
2016, and continuing into early 2017 following the completion of the build out
of our EMEA direct sales team in Q3, 2016. Since then, our sales pipeline has
expanded dramatically, both in terms of number and quality of prospective
customers. We expect this pipeline growth to continue as we approach key
inflection points in strategic markets such as the U.S., where our application
for 510(k) clearance is currently under review by the FDA. Overall we are now
well positioned to deliver further growth in 2017."
The acceleration in placements towards the end of 2016 and first month of 2017
was predominantly driven by the completion of the build out of Curetis' EMEA
Direct Sales team, which became fully staffed and operational in the third
quarter of 2016 across all of Curetis' direct selling markets in the region.
Since September 30, 2016, new Unyvero Analyzer installations were placed in
Germany (4), UK (9), France (8), and Switzerland (3) leading to a current
installed base in the Company's direct selling markets of:
* Germany: 44
* UK: 16
* France: 16
* BeNeLux: 3
* Switzerland: 3
In addition, Curetis' pipeline of prospects has doubled from about 100 active
leads early in 2016 to about 200 active leads currently, across all direct
selling markets. As well as seeing growth in its direct selling markets, the
Company recently signed new distribution partnerships in Greece and Israel,
expanding its global distributor network, from 10 distribution partnerships to
12 across 26 countries.
"We expect an increase in commercial conversions to follow in a typical 9 to 12
month sales cycle from new installations," added Dr. Achim Plum, CCO of Curetis,
"Therefore, our assumption is that 2017 cartridge revenues will begin to
increase considerably as compared to 2016 once all the new installations are up
and running and commercial conversions have been made. We have observed that new
users of the Unyvero system typically start with a single cartridge type but
broaden their usage to other types of available cartridges as they begin to
recognize the unique benefits of the Unyvero System. We expect to see similar
behavior from new customers as we further expand our installed base."
The Company also reported preliminary unaudited full-year 2016 revenues of EUR
1.3 M and year-end liquidity (cash, cash equivalents and VAT refund receivable)
of EUR 24 M. The underlying product revenue (excluding 2015 non-recurring
revenues of EUR 0.9 M in system sales to Asian partners for clinical trials and
regulatory clearances and EUR 0.3 M of pharma revenue) grew from 0.9M EUR in
2015 to EUR 1.3M in 2016 or by ca.44%. The year-end cash position does not
include any amounts under the EUR 25m EIB debt facility announced on 12 December
2016, which remains undrawn to date.
Curetis will report audited full-year 2016 financials on 12 April 2017.
###
Disclaimer
CAUTION - Investigational device. Limited by Federal (or United States) law to
investigational use. The information contained in this communication does not
constitute nor imply an offer to sell or transfer any product, and no product
based on the Curetis Unyvero technology is currently available for sale in the
United States of America or Canada. The analytical and clinical performance
characteristics of any Curetis Unyvero product which may be sold at some future
point in time in the U.S. have not yet been established.
###
About Curetis
Founded in 2007, Curetis is a molecular diagnostics company which focuses on the
development and commercialization of reliable, fast and cost-effective products
for diagnosing severe infectious diseases. The diagnostic solutions of Curetis
enable rapid multi-parameter pathogen and antibiotic resistance marker detection
in only a few hours, a process that today can take up to days or even weeks with
other techniques.
To date, Curetis has raised EUR 44.3 million in an IPO on Euronext Amsterdam and
Euronext Brussels and private equity funds of over EUR 63.5 million.
Furthermore, Curetis has entered into a debt financing facility with EIB for up
to EUR 25 million. The company is based in Holzgerlingen near Stuttgart,
Germany. Curetis has signed collaboration agreements with Heraeus Medical and
Cempra Inc. as well as several international distribution agreements covering
many countries across Europe, the Middle East and Asia.
For further information, please visit www.curetis.com.
Legal Disclaimer
This document constitutes neither an offer to buy nor to subscribe 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", "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.
Contact details
Curetis
Max-Eyth-Str. 42
71088 Holzgerlingen, Germany
Tel. +49 7031 49195-10
pr(at)curetis.com or ir(at)curetis.com
www.curetis.com - www.unyvero.com
International Media & Investor Inquiries
akampion
Dr. Ludger Wess / Ines-Regina Buth
Managing Partners
info((at))akampion.com
Tel. +49 40 88 16 59 64
Tel. +49 30 23 63 27 68
U.S. Media & Investor Inquiries
The Ruth Group
Lee Roth
lroth(at)theruthgroup.com
Tel. +1 646 536 7012
Curetis_Logo:
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20170131_Curetis_PR_EN:
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Source: Curetis via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 31.01.2017 - 08:06 Uhr
Sprache: Deutsch
News-ID 520856
Anzahl Zeichen: 9377
contact information:
Town:
Holzgerlingen
Kategorie:
Business News
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