Creo Medical Group (CREO)

Sector:

Health Care

Index:

FTSE AIM All-Share

32.13p
   
  • Change Today:
    -2.78p
  • 52 Week High: 48.10
  • 52 Week Low: 23.25
  • Currency: UK Pounds
  • Shares Issued: 361.48m
  • Volume: 1,433,336
  • Market Cap: £116.12m

Creo confirms first successful US treatment using 'Speedboat'

By Josh White

Date: Wednesday 16 Jan 2019

LONDON (ShareCast) - (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.
The AIM-traded firm said that as part of its strategy to establish a training-centric commercialisation programme in the US, two gastrointestinal surgeons from the same hospital were trained in the use of the Speedboat device over the weekend, and each performed successful operations on patients this week.

It said the two procedures were performed in both the upper and lower gastrointestinal (GI) tract respectively.

The company said it expected to increase the number of trained clinicians in the US as the roll-out of the Creo Clinical Education Programme continued, adding that it looked forward to updating shareholders on further positive progress in the "key market".

Speedboat was the first device developed for use with Creo's CROMA generator, the board said, which it described as an electrosurgical platform that combined bipolar radiofrequency for precise, localised cutting and microwave for controlled coagulation.

The Speedboat harnessed the cut and coagulation of the generator to enable the removal of cancerous and precancerous GI growths.

Patients had now been successfully treated using the Speedboat device powered by Creo's CROMA platform in the UK, South Africa, Mainland Europe and the US.

"The US is clearly a key market for the company and the successful completion of the first procedures in the United States is another important milestone for us," said chief executive officer Craig Gulliford.

"Over the next few weeks and months we expect to see our Clinical Education Programme expand in the US and we will continue to update shareholders as our training-led commercialisation strategy advances."

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CREO Market Data

Currency UK Pounds
Share Price 32.13p
Change Today -2.78p
% Change -7.95 %
52 Week High 48.10
52 Week Low 23.25
Volume 1,433,336
Shares Issued 361.48m
Market Cap £116.12m

CREO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.45% below the market average21.45% below the market average21.45% below the market average21.45% below the market average21.45% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Price Trend
10.06% above the market average10.06% above the market average10.06% above the market average10.06% above the market average10.06% above the market average
27.78% above the sector average27.78% above the sector average27.78% above the sector average27.78% above the sector average27.78% above the sector average
Income Not Available
Growth
43.08% above the market average43.08% above the market average43.08% above the market average43.08% above the market average43.08% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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CREO Dividends

No dividends found

Trades for 15-May-2024

Time Volume / Share Price
10:46 3,078 @ 32.48p
10:45 105 @ 32.02p
10:44 1,539 @ 32.48p
10:43 3,000 @ 32.49p
10:41 1,523 @ 32.49p

CREO Key Personnel

CEO Craig Jonathan Gulliford
CFO Richard John Rees

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