Surgical Innovations Group (SUN)

Sector:

Health Care

Index:

FTSE AIM All-Share

 0.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.25
  • 52 Week Low: 0.40
  • Currency: UK Pounds
  • Shares Issued: 932.82m
  • Volume: 0
  • Market Cap: £4.66m
  • RiskGrade: 341

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 0.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.25
52 Week Low 0.40
Volume 0
Shares Issued 932.82m
Market Cap £4.66m
RiskGrade 341

SUN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.77% above the market average61.77% above the market average61.77% above the market average61.77% above the market average61.77% above the market average
3.03% above the sector average3.03% above the sector average3.03% above the sector average3.03% above the sector average3.03% above the sector average
Price Trend
89.58% below the market average89.58% below the market average89.58% below the market average89.58% below the market average89.58% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Income Not Available
Growth
5.57% above the market average5.57% above the market average5.57% above the market average5.57% above the market average5.57% above the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

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Strong Buy 0
Buy 1
Neutral 0
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Strong Sell 0
Total 1
buy
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SUN Key Personnel

CEO David Marsh
Chair Jonathan Glenn

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