Creo Medical Group (CREO)

Sector:

Health Care

Index:

FTSE AIM All-Share

16.13p
   
  • Change Today:
    -0.13p
  • 52 Week High: 48.10p
  • 52 Week Low: 15.70p
  • Currency: UK Pounds
  • Shares Issued: 412.15m
  • Volume: 519,832
  • Market Cap: £66.46m
  • Beta: 0.20

Creo upbeat on first in-human use of MicroBlate Fine

By Josh White

Date: Wednesday 16 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Medical device company Creo Medical Group updated the market on its 510(k) US Food and Drug Administration (FDA)-cleared tissue ablation device, 'MicroBlate Fine' on Wednesday, reporting that the device was successfully used for the first in-human, minimally invasive, endoscopic ultrasound (EUS)-guided treatment in a patient with an unresectable pancreatic neuroendocrine tumour.
The AIM-traded firm said the procedure was performed by Dr Carlos Robles-Medranda at Instituto Ecuatoriano de Enfermedades Digestivas (IECED) in Ecuador, with the resulting outcome being described as a success.

With a condition that was not possible to be treated surgically using traditional methods, the company said the patient required a less invasive treatment in order to potentially prolong the patient's life.

It said that, following the procedure using MicroBlate Fine, the patient remains well and is "enjoying life".

Subsequent scans of the patient's pancreas continued to confirm the treatment's durability.

MicroBlate Fine was the third device to gain FDA regulatory clearance within Creo's portfolio of flexible endoscopy devices for the gastrointestinal market in November, and was designed to be used with the firm's 'CROMA' advanced energy platform, powered by 'Kamaptive' full-spectrum adaptive technology.

The MicroBlate Fine device uses Creo's very high frequency microwave energy, allowing physicians to precisely ablate diseased tissue in multiple organ types and many different clinical access methods.

MicroBlate Fine has the same dimensions as a standard biopsy needle which, when used with typical EUS navigation tools, enabled improved access to and the ablation of a wide range of organs including the pancreas, liver, kidneys, lungs and muscle.

"We are delighted to report such a positive update on our 510(k) FDA-cleared tissue ablation device MicroBlate Fine," said chief executive officer Craig Gulliford.

"The device was successfully used for the first in-human minimally invasive EUS guided treatment in a patient with an unresectable pancreatic neuroendocrine tumour in December 2020.

"The outcome of the procedure was a success, with subsequent follow up scans not only showing no return of the tumour, but also an absence of any obvious scar tissue."

At 0947 BST, shares in Creo Medical were up 2.91% at 212p.

Email this article to a friend

or share it with one of these popular networks:


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

 

CREO Market Data

Currency UK Pounds
Share Price 16.13p
Change Today -0.13p
% Change -0.77 %
52 Week High 48.10p
52 Week Low 15.70p
Volume 519,832
Shares Issued 412.15m
Market Cap £66.46m
Beta 0.20

CREO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.11% above the market average10.11% above the market average10.11% above the market average10.11% above the market average10.11% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Price Trend
84.58% below the market average84.58% below the market average84.58% below the market average84.58% below the market average84.58% below the market average
51.35% below the sector average51.35% below the sector average51.35% below the sector average51.35% below the sector average51.35% below the sector average
Income Not Available
Growth
24.32% above the market average24.32% above the market average24.32% above the market average24.32% above the market average24.32% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average

What The Brokers Say

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

CREO Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
16:20 20,343 @ 16.12p
16:10 3,206 @ 16.15p
14:56 234 @ 16.24p
14:45 19,868 @ 16.12p
13:59 38,584 @ 16.12p

CREO Key Personnel

CEO Craig Jonathan Gulliford
CFO Richard John Rees

Top of Page