Convatec Group (CTEC)

Sector:

Health Care

Index:

FTSE 100

254.60p
   
  • Change Today:
    -0.80p
  • 52 Week High: 293.40
  • 52 Week Low: 196.20
  • Currency: UK Pounds
  • Shares Issued: 2,049.79m
  • Volume: 12,796,142
  • Market Cap: £5,219m
  • RiskGrade: 96

Convatec wins US clearance for innovative wound dressing

By Duncan Ferris

Date: Tuesday 24 Jul 2018

LONDON (ShareCast) - (Sharecast News) - ConvaTec's Aquacel Ag Advantage dressing, which helps treat non-healing wounds, has been given the nod by the US medical regulator.
The antimicrobial dressing has demonstrated substantial wound improvements, even in wounds of a high severity, under both clinical studies and global practice. Chronic non-healing wounds, which the dressing can target, often lead to life-changing events such as limb amputations or premature death.

There are more than eight million US senior citizens with at least one type of wound or wound-related infection, recent figures from Medicare have shown, leading to an estimated annual cost of up to $96.8bn.

Randall Wolcott, medical director of the Southwest Regional Wound Care Center in Lubbock, Texas, said: "Delayed wound healing presents multiple challenges for clinicians, and places a heavy burden on patients, society and our healthcare systems. Moving these types of recalcitrant wounds from a deteriorating or stagnant state toward improvement requires novel, non-antibiotic strategies."

"I'm very excited about this new innovative dressing, which has shown significant potential to address this burden while not driving antibiotic resistance," said Wolcott.

The product is currently available in markets in Europe and Asia Pacific and, with the latest FDA approval, ConvaTec is targeting US commercial availability by early October.

Fiona Adam, interim president of advanced wound care at ConvaTec, said: "Customer feedback in markets outside the US has been very positive, and we look forward to introducing US clinicians to the latest addition to our Aquacel family, and continuing to help wound specialists around the world."

ConvaTec Group's shares were up 0.98% at 207.10p at 0924 BST.

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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.

 

CTEC Market Data

Currency UK Pounds
Share Price 254.60p
Change Today -0.80p
% Change -0.31 %
52 Week High 293.40
52 Week Low 196.20
Volume 12,796,142
Shares Issued 2,049.79m
Market Cap £5,219m
RiskGrade 96

CTEC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.96% below the market average96.96% below the market average96.96% below the market average96.96% below the market average96.96% below the market average
87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average
Price Trend
62.59% above the market average62.59% above the market average62.59% above the market average62.59% above the market average62.59% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Income
80.08% below the market average80.08% below the market average80.08% below the market average80.08% below the market average80.08% below the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Growth
32.14% below the market average32.14% below the market average32.14% below the market average32.14% below the market average32.14% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average

What The Brokers Say

Strong Buy 6
Buy 8
Neutral 4
Sell 1
Strong Sell 0
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CTEC Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 17-Aug-23
Paid 23-May-24 28-Sep-23
Amount 4.46¢ 1.77¢

Trades for 17-May-2024

Time Volume / Share Price
17:29 650,000 @ 253.60p
17:15 6,104,476 @ 253.60p
17:06 650,000 @ 253.60p
16:35 2,539,327 @ 254.60p
16:35 4,776 @ 254.60p

CTEC Key Personnel

CEO Karim Bitar
Chair John McAdam
CFO Jonny Mason

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