Notes to Editors
Biocompatibles International plc is a leading medical technology company in the field of drug device combination products, operating through three businesses. The International Division conducts the marketing of Biocompatibles’ approved Bead products, which are sold to hospitals by our distribution partners, including Angiodynamics Inc. and Terumo Corporation. The Drug Delivery and CellMed businesses are engaged in new product development and licensing.
The Company’s main programmes are Drug-Eluting Stents, licensed to Medtronic; Cosmetic dermatology Beads licensed to Merz Pharmaceuticals; Drug-Eluting Bead products for the treatment of cancer, by Endo-Vascular and Non-Vascular delivery, which is unlicensed; and Drug-Eluting Beads for the treatment of stroke, which is also unlicensed.
Biocompatibles has indicated that 2008 revenues are expected to be in the range of £12m to £15m; and that year end cash is expected to be approximately £30m.