BIOM'UP - BUY | EUR4.3 New CEO settling in and confirming targets; adjusted numbers to reflect FY19 guidance
BIOM'UP - BUY | EUR4.3New CEO settling in and confirming targets; adjusted numbers to reflect FY19 guidance
H1 2019 sales reach EUR1.4m
Fully on track to deliver on FY19 guidance
New CEO settling-in and structuring Biom’up
Financial runway to YE 2019
FV of EUR4.3 reflects reiterated FY19 conservative guidance
Share-based compensationBiom'Up develops and sells collagen-based implantable and resorbable medical and biomaterial devices derived from biopolymers mainly in France and the United States. Co. has created clinically tested products for use in many specialties such as orthopedic, spinal, acrothoracic, general, maxillofacial and dental surgeries. Co.'s portfolio includes the following products: MATRI™ BONE and COVA™, trademarked in 2009, HEMOSNOW™ in 2012, COVAMESH™ in 2013 and Co.'s flagship product HEMOBLAST™ Bellows trademarked in 2016. In the United States, Co. obtained Pre-Market Approval (PMA) for HEMOBLAST™ Bellows, giving it access to the North American market.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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