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Pin to quick picksCreo Medical Share News (CREO)

Share Price Information for Creo Medical (CREO)

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Share Price: 36.50
Bid: 36.00
Ask: 37.00
Change: 0.50 (1.39%)
Spread: 1.00 (2.778%)
Open: 36.00
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Low: 36.50
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Creo Medical Interim Loss Widens On Costs As Targets Revenue In 2019

Tue, 20th Mar 2018 13:50

LONDON (Alliance News) - Medical device firm Creo Medical Group PLC said Tuesday its half-year loss widened amid higher administrative costs as it expects full commercial launch of its products to occur in 2019.

For the six months ended December 31, pretax loss widened to GBP5.1 million from GBP4.7 million the year prior after administrative expenses grew. Administrative costs rose to GBP5.2 million from GBP4.8 million the year before.

Creo did not generate any revenue in either year. Other income, however, shrank to GBP105,000 from GBP127,861 the year prior.

"I am pleased with the progress we have made against all our strategic objectives, not only in the first half of FY 2018, but over the last twelve months," Creo Chief Executive Officer Craig Gulliford said. "Since we listed in December 2016, we have achieved CE marking and FDA clearance ahead of schedule for our first product, Speedboat RS2, in Europe and the US."

"We are executing against our training led commercialisation plan, targeting selected clinicians and key opinion leaders to drive clinical adoption," Gulliford added. "Significantly, the first patients in the UK have been treated using our Speedboat RS2 device powered by our CROMA platform. Furthermore, our technology has been deployed and utilised at a second NHS site.

"The advances that we have made in our pipeline positions us well to become a leading advanced energy, minimally invasive, medical device company," Gulliford continued. "We remain on track for full commercial launch in 2019."

Shares in Creo were 5.4% lower at 107.85 pence on Tuesday.

More News
5 Apr 2019 09:11

Creo Medical loss widens as commercial launches near

(Sharecast News) - Creo Medical's shares edged lower on Friday as the company's losses increased on the back of increasing administrative expenses, though it believes it has built a "solid platform for future growth".

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5 Apr 2019 08:35

Creo Medical Loss Near-Doubles On Speedboat Device Commercialisation

LONDON (Alliance News) - Creo Medical Group PLC on Friday said its loss close to doubled in the 18 months to the end of 2018 on higher administrative expenses, as it worked to develop its surgical

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29 Mar 2019 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

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28 Mar 2019 14:20

Six US Doctors Now Trained In Creo Medical's Speedboat Surgical Device

LONDON (Alliance News) - Creo Medical Group PLC on Thursday said the total number of doctors trained in the use of its Speedboat surgical endoscopy device in the US has risen to six.The for

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11 Feb 2019 09:48

Creo Medical nets distribution agreement for 'key' European markets

(Sharecast News) - Creo Medical on Monday entered into a framework distribution agreement with Pentax Europe to provide clinical training and market seeding across the French, German, and Italian markets.

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16 Jan 2019 12:15

Creo Medical Successfully Launches Speedboat Device In US

LONDON (Alliance News) - Creo Medical Group PLC on Wednesday said the first patient in the US was treated using the Speedboat device powered by the company's CROMA electrosurgery advanced is a

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16 Jan 2019 10:31

Creo confirms first successful US treatment using 'Speedboat'

(Sharecast News) - Medical device company Creo Medical Group announced the successful first treatment of patients in the US using its 'Speedboat' device, powered by its 'CROMA' electrosurgery advanced energy platform, on Wednesday.

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3 Dec 2018 13:13

Creo Medical's Speedboat Platform Treats First Patient In Europe

LONDON (Alliance News) - Creo Medical Group PLC on Monday said the first patient in continental Europe was treated using its Speedboat device.Speedboat is an electrosurgical platform that a

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19 Oct 2018 15:07

Creo Medical leads endoscopy training course in Kent

(Sharecast News) - Medical device company Creo Medical Group announced on Friday that the Queen Elizabeth and the Queen Mother Hospital in Margate (QEQM Hospital), part of the East Kent University Hospitals Foundation Trust, had entered into the second day of a two-day endoscopy training course for more than 40 UK clinicians, which would include live demonstrations and training on Creo's 'Speedboat' device and 'CROMA' advanced energy platform.

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17 Oct 2018 10:15

Creo Medical Enters Two Further Framework Distribution Agreements

LONDON (Alliance News) - Creo Medical Group PLC said Wednesday it has entered into two framework distribution agreements to provide clinical training and market seeding in Spain and the Benelux is

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17 Sep 2018 10:23

Creo Medical grants distribution extension to Pentax

(Sharecast News) - Surgical endoscopy firm Creo Medical entered into an addendum to its distribution agreement with Pentax Medical on Monday, extending Pentax's distribution rights for the Asia Pacific region.

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31 Aug 2018 15:04

DIRECTOR DEALINGS: Creo CEO, CTO Each Sell Shares Worth GBP600,000

LONDON (Alliance News) - Creo Medical Group PLC said Friday that Chief Executive Officer Craig Gulliford and Chief Technology Officer Chris Hancock both sold 480,000 shares in the Gulliford and at

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2 Jul 2018 13:38

Creo Medical Instructs Advisers To Start Work On Proposed Placing (ALLISS)

LONDON (Alliance News) - Creo Medical Group PLC said Monday it is considering its future funding and has instructed advisers to commence work on a proposed share placing.Initially the to it

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9 Dec 2016 08:19

Creo Medical Shares Rise As It Starts Trading On AIM (ALLIPO)

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