BONESUPPORT: 80% YoY growth paves the way for entering the spine market
Q4 2023 sales climbed by 67% (60% at CER) YoY and 9% QoQ, totalling SEK 172.7m; while FY 2023 sales were boosted by 80% to SEK 591.1m, in line with our estimate of SEK 597m. CERAMENT G adoption in the US was the major driver, representing 44% of overall Q4 sales; whilst positive market activity levBonesupport Holding AB is a Sweden-based orthobiologics company. It develops and commercialize injectable bioceramic bone graft substitutes which remodel to host bone and have the capability to elute drugs directly into the bone void. The marketed synthetic bone graft substitutes are CERAMENT BVF, CERAMENT G and CERAMENT V, which are based on the CERAMENT technology platform. The products are commercially available in Europe and the United States, as well as in India, Malaysia, Oman and Singapore. The products are developed to treat patients with fractures and bone voids caused by trauma and related surgery, as well as caused by infection or diseases, such as chronic osteomyelitis, revision arthroplasty and infected diabetic foot.
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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