Surgical Innovations Group (SUN)

Sector:

Health Care

Index:

FTSE AIM All-Share

 NULL
   
  • Closing Price Chg:
      0.000p
  • 52 Week High: NULL
  • 52 Week Low: 1.00p
  • Currency: UK Pounds
  • Shares Issued: 932.82m
  • Volume: 0
  • RiskGrade: 341
  • Beta: 0.00

Surgical Innovations to restock CELLIS after new CE mark certification

By Josh White

Date: Wednesday 29 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Medical technology designer and manufacturer Surgical Innovations Group updated the market on the 'CELLIS' range of products supplied to its UK distribution business, Elemental Healthcare, by Meccellis Biotech, on Wednesday.
The AIM-traded firm said that, following the withdrawal of their previously-held CE mark, Meccellis had now received confirmation of their new CE mark for the complete CELLIS range of biological matrix products used in breast and abdominal wall reconstruction surgery from their Notified Body, PCBC.

That would enable Meccellis and Elemental to resume selling the CELLIS range of products.

Further to that, Elemental and Meccellis had reportedly entered into an extended agreement providing Elemental with exclusive UK distribution rights in respect of the CELLIS range for a period of three years expiring in June 2021, with a subsequent automatic renewal period of two years, subject to meeting minimum purchase obligations.

That agreement, and the new CE mark, covered some "exciting and innovative" new products which were due for launch in the UK market during 2019, the Surgical Innovations board said.

Formal certification was anticipated within four-to-eight weeks, during which period the firm's management were said to be working closely with Meccellis to optimise inventory logistics for the UK market.

The Elemental sales team would engage with UK customers during the time to facilitate orderly replenishment of CELLIS products, once availability information became clear.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SUN Market Data

Currency UK Pounds
Share Price NULL
Closing Price Change 0.000p
% Change 0.00 %
52 Week High NULL
52 Week Low 1.00p
Volume 0
Shares Issued 932.82m
Beta 0.00
RiskGrade 341

SUN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.36% above the market average50.36% above the market average50.36% above the market average50.36% above the market average50.36% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
14.25% below the market average14.25% below the market average14.25% below the market average14.25% below the market average14.25% below the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income Not Available
Growth
12.13% below the market average12.13% below the market average12.13% below the market average12.13% below the market average12.13% below the market average
54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
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SUN Dividends

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SUN Key Personnel

CEO David Marsh
Chair Jonathan Glenn

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