reports
- Sean Conroy
Creo Medical - Setting the stage for pivotal growth
Creo Medical’s FY23 results recapped strategic, regulatory and operational wins for its core electrosurgical device suite, including Speedboat’s approval for upper gastrointestinal (GI) procedures in Europe and launch of Speedboat UltraSlim. With MicroBlate and SpydrBlade nearing commercial launch and increased traction with partners Intuitive Surgical and CMR Surgical, we anticipate the product uptake curve to steepen in the medium term. FY23 was a solid year with 13.4% y-o-y revenue growth and...
Hybridan Small Cap Feast - 15 May 24
15th May 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: 7th May: Time To ACT plc, an engineering business focused on technology for the energy transition sector, has announced its intention to seek Admission to trading on the Aquis Stock Exchange...
Hybridan Small Cap Feast - 13 May 2024
13th May 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: Shanta Gold (SHG.L) has left AIM. What’s baking in the oven? ** Potential**** Initial Public Offerings: 7th May: Time To ACT plc, an engineering business focused on technology for the energy transition sector, has announced its intention to seek Admission to t...
- Sean Conroy
Creo Medical - NHS data validates Speedboat’s economic merit
Creo Medical has presented real-world evidence of the economic utility of its minimally invasive electrosurgical devices, based on NHS data from 130 submucosal dissection procedures using Creo’s flagship Speedboat Inject device. The data demonstrated net cash savings of £687k for the NHS trust, driven by a significant reduction in both hospitalisation and critical care costs. We believe this provides external validation to Creo’s pursuit of improving patients’ outcomes through its novel suite of...
- Sean Conroy
Creo Medical - MicroBlate Flex progresses with first robotics use
Creo Medical has marked another milestone in advancing utility of its electrosurgical devices with the first use of its MicroBlate Flex device in a robotic-guided lung tissue ablation procedure (as part of an ongoing clinical study). Although not disclosed by the company, we believe this procedure was performed on Creo’s Kamaptive technology partner Intuitive Surgical’s ION bronchoscopy-focused robotics platform. Proving and expanding compatibility with robotic platforms has been an overarching ...
Hybridan Small Cap Feast - 01 Mar 24
1st March 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objecti...
- Sean Conroy
Creo Medical - Solid FY23 lays the groundwork for 2024
Creo Medical has released a trading update for FY23, an active year for the company, with progress made across all business segments. Traction improved in H223, following Speedboat Inject’s European clearance for upper gastrointestinal (GI) procedures and the accelerated approval and launch of Creo’s slimmest electrosurgical device, Speedboat UltraSlim. Top-line growth was supported by continued streamlining of the cost structure, resulting in a better-than-expected underlying EBITDA loss (impro...
Hybridan Small Cap Feast: 07 Feb 24
7th February 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje...
- Sean Conroy
Creo Medical - UltraSlim launch – kicking off FY24 momentum
Speedboat UltraSlim, Creo’s slimmest surgical device, was employed in the first UK surgical procedure (lower gastrointestinal, GI) under the early adopter programme. The commercial launch came earlier than previously anticipated (early 2024), with quicker than expected regulatory acceptance, and this highlights the commercial potential. The device’s smaller dimensions allow providers increased flexibility compared to treatment alternatives and increase potential utility as it is compatible with ...
- Daniel Appiah
- John Savin PhD
- Robin Davison
Expert view on Creo's tech
In a well-attended Capital Markets Day on Nov 7, Creo made no new announcements but showed qualitatively how the next few years are likely to evolve with insights from three enthusiastic medical users. We took on board three important qualitative observations from the event.Firstly, the importance
- Sean Conroy
Creo Medical - FDA nod for UltraSlim
Creo Medical has received US FDA approval for its Speedboat UltraSlim device, which will enable the company to launch it in the coveted US market. Though expected, this marks a material regulatory win for Creo as UltraSlim is the company’s thinnest and most versatile device and it is now projected to be available in both Europe (via accelerated EU regulatory pathway) and the US in 2024. The UltraSlim device remains an important addition to the portfolio as it provides broader access to gastroint...
- Sean Conroy
Creo Medical - Potential UltraSlim upside with swift EU pathway
Creo Medical has announced that its EU notified body has guided for an accelerated clinical pathway for its Speedboat UltraSlim device, the slimmest Speedboat Inject version that is compatible with most endoscopes. The reduced regulatory path will enable the company to launch the versatile product in Europe in early 2024, roughly 18 months earlier than planned. As the FDA application was submitted for this device in February 2023 (management expects clearance in Q423), UltraSlim is now projected...
- Emily Liu
Hybridan Small Cap Feast 25-10-2023
Dish of the day Joiners: Cykel AI has joined the Access Segment of the AQSE Growth Market today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Announced ITF 2 October: Adsure Services, the holding company for TIAA Limited, a specialist business assurance provider operating across the Housing, Healthcare, Government, Education, Charities, and other sectors in the UK, intends to join the Access Segment of the AQSE Growth Market. Admission expected on 30 October. Tekcapital announ...
- Sean Conroy
Creo Medical - Detailed half-yearly reflecting Speedboat traction
Following Creo Medical’s H123 trading update (see our August note), management has reported detailed results, including a 42% increase (sequentially over H222) in the volume of Speedboat Inject procedures, coupled with expansion into the US consumables business market. Creo continues to build momentum with its Pioneer training programme. Management remains active on licensing and regulatory fronts, through its robotic deals with Intuitive and CMR, further exploration of potential licensing for i...
- Sean Conroy
Creo Medical - Growth momentum with core strength
Creo Medical reported an active first half of the year in its trading update. Preliminary results showed improved adoption of its flagship offering, Speedboat Inject, driven by a growing user base expanding over new territories and its ability to address the full GI tract with its recent CE mark for upper GI procedures. Total revenue accelerated 15.4% y-o-y to £15.7m (from £13.6m in H122), largely in line on an annualised basis with our prior FY23 forecast of £32.8m. Operating expenses remained ...
- Daniel Appiah
- John Savin PhD
- Robin Davison
Upper GI opportunities opened up
Creo Medical announced in June important upper gastrointestinal (GI) procedures EU clearance for its flagship product Speedboat Inject — its dual-energy endoscopy tool which uses radiofrequency and microwave energy for integrated cutting and coagulation functionality. Before, Speedboat was only cle
Hybridan Small Cap Feast - 26 Jun 23
26th June 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objecti...
- Sean Conroy
Creo Medical - CE extension nearly doubles addressable GI
Speedboat Inject, Creo Medical’s flagship electrosurgical device, has received the CE mark for upper gastrointestinal (GI) procedures. This CE mark extension nearly doubles the device’s scope across all GI tract procedures in Europe and will likely create new surgical opportunities for additional indications (upper GI) as well as increasing the total user base in the near-to-medium term. We believe that the growth in Speedboat Inject’s user base rests on its pioneer training programme and roboti...
- Sean Conroy
Creo Medical - NICE to review Speedboat Inject
Creo Medical has announced that its flagship product, Speedboat Inject, has been selected for assessment by the National Institute for Health and Care Excellence (NICE), a UK-based independent expert organisation that provides national guidance on medical practices and technologies. Post selection, the device will go through a committee review of the headline data and a multi-stage evaluation process by NICE, to investigate Speedboat for endoscopic submucosal dissection of lower gastrointestinal...
- Sean Conroy
Creo Medical - New NHS client win for CROMA technology
In an encouraging development, Creo Medical has announced that Royal Oldham Hospital (UK) has become the latest NHS facility to sign up for its proprietary CROMA technology platform, Speedboat Inject (its flagship electrosurgical device) and related endotherapy products. Besides ordering several CROMA boxes and electrosurgical and associated devices to be used in submucosal dissection (SD) procedures, the hospital has shared its weekly list for planned Speedboat-assisted procedures, signalling o...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.