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BioStem Technologies Provides Update on the Company’s Form 10 Submission and SEC Review Process
Globenewswire· 2025-06-03 11:00
Core Viewpoint - BioStem Technologies, Inc. is progressing towards uplisting to the Nasdaq Capital Market following the anticipated approval of its amended Form 10 by the SEC, which includes audited financial statements for fiscal years 2023 and 2024, and unaudited results for Q1 2025 [2][4]. Group 1: SEC Review Process - BioStem has resolved outstanding SEC accounting comments and plans to file an amended Form 10 by the end of June 2025 [2]. - The company initially submitted its Form 10 in September 2024 and has been collaborating with auditors and the SEC to address accounting treatment questions related to revenue and service fees [3]. - The uplisting is contingent upon the effectiveness of the Form 10 and meeting other Nasdaq listing requirements [3]. Group 2: Company Overview - BioStem is a MedTech company focused on developing, manufacturing, and commercializing placental-derived products for advanced wound care, utilizing its proprietary BioREtain® processing method [6]. - The company’s quality management systems are accredited by the American Association of Tissue Banks and adhere to Good Tissue Practices and Good Manufacturing Processes [7]. Group 3: Leadership and Communication - Jason Matuszewski, BioStem's CEO, expressed optimism about the progress made in the SEC review process and thanked the team for their commitment [4]. - The company encourages stakeholders to stay informed through its distribution list and social media channels [5].
BioStem Announces Notice of Allowance for Three New U.S. Patent Applications
Globenewswire· 2025-05-28 11:00
Core Insights - BioStem Technologies, Inc. has expanded its patent portfolio with 55 issued patents and 52 pending applications, emphasizing its commitment to innovation in wound care [1] - The United States Patent and Trademark Office (USPTO) has granted a Notice of Allowance for two design patents and one utility patent related to BioStem's fenestrated human placental allograft designs [2][3] - The unique design of the allografts allows for effective drainage of wound exudate while maintaining allograft area, enhancing the healing environment [2][3] Patent Details - The newly allowed patents include Design Patent Application No. 29/860,417 and No. 29/860,420, which focus on fenestrated human placental allograft designs using the BioREtain process [2] - Patent Application No. 18/926,867 covers sterile human placental allografts with multiple slits and openings, improving wound treatment efficacy, particularly for diabetic foot ulcers and dental wounds [3] Company Strategy - The CEO of BioStem Technologies highlighted the importance of these patents in advancing next-generation placental allograft technologies and reinforcing the proprietary nature of the BioREtain process [4] - The BioREtain process is designed to preserve the structural and molecular integrity of placental tissue, which is crucial for better clinical outcomes [4] Company Overview - BioStem Technologies specializes in the development, manufacturing, and commercialization of placental-derived products for advanced wound care [6] - The company’s quality management system is accredited by the American Association of Tissue Banks and adheres to current Good Tissue Practices and Good Manufacturing Processes [6]
Resonetics® Invests in Nitinol Gun Drilling Capabilities Through Purchase of Assets from Medical Component Specialists
Prnewswire· 2025-05-19 14:00
Core Insights - Resonetics has acquired the nitinol gun drilling operations and related assets from Medical Component Specialists (MCS) to enhance its U.S.-based nitinol strategy and strengthen supply chain resilience [1][3] - The acquisition is part of Resonetics' initiative to improve material availability and reduce lead times for customers, which is critical for the production of high-performance nitinol tubing [3][2] - This investment builds on previous expansions in nitinol tubing capabilities, ensuring precision and control for rapid prototyping and scalable manufacturing of complex medical implants [3][4] Company Overview - Resonetics, founded in 1987, specializes in advanced engineering and manufacturing solutions for the medical device industry, focusing on laser processing, nitinol manufacturing, and photochemical machining [4] - The company operates 17 facilities with over 3,000 associates across multiple countries, including the U.S., Canada, and Switzerland, and is backed by private equity firms Carlyle and GTCR [4] - Resonetics is committed to being an open-source supplier to medical device OEMs and contract manufacturers, emphasizing quality, responsiveness, and innovation [4]
Nuwellis Contracts with KDI Precision Manufacturing to Strengthen Production and Improve Operational Efficiency
Globenewswire· 2025-05-12 11:00
Strategic agreement is expected to reduce costs, preserve expertise, and streamline operations. | WHO | WHAT | WHERE | WHEN | WHY | | --- | --- | --- | --- | --- | | Nuwellis, Inc. (Nasdaq: NUWE) and KDI | Outsourcing manufacturing and | Manufacturing | May 9, | To strengthen operational efficiency, | | Precision | assembly of key Aquadex product | operations will transition to KDI's facility. | 2025 | preserve product expertise, and reduce | | Manufacturing | components. | | | costs. | MINNEAPOLIS, May 12, ...
UFP Technologies Announces Record Q1 Results
Globenewswire· 2025-05-06 13:00
Core Insights - UFP Technologies, Inc. reported a strong financial performance for Q1 2025, with net income of $17.2 million, or $2.21 per diluted share, compared to $12.7 million, or $1.64 per diluted share in Q1 2024, reflecting a 35.4% increase in net income [1][3][8] - Net sales for the first quarter reached $148.1 million, a 41.1% increase from $105.0 million in the same period last year, driven primarily by a 50.4% growth in sales to the medical market [1][3][5] Financial Performance - The company's operating income increased by 45.2% to $23.1 million in Q1 2025, up from $15.9 million in Q1 2024 [3][5] - Adjusted net income rose by 40.1% to $19.2 million in Q1 2025, compared to $13.7 million in Q1 2024 [3][21] - Gross profit margin slightly decreased to 28.5% in Q1 2025 from 28.6% in Q1 2024 [3] Market Segments - The MedTech business segment experienced a significant growth of 50%, with strong demand in the Safe Patient Handling area [2][3] - Other market segments, including Interventional and Surgical, Infection Prevention, Orthopedics, and Advanced Wound Care, also reported growth exceeding 25% [2] - Organic sales growth for the overall company was 2.3%, with a specific organic growth of 5.4% in the MedTech segment despite a 6% decline in Robotic Surgery sales [2][3] Strategic Developments - The company secured an exclusive manufacturing agreement with its second-largest customer for a significant portion of its Safe Patient Handling business through June 2030 [2] - UFP Technologies has expanded its manufacturing operations in the Dominican Republic to meet growing demand, including plans for a fifth building at its La Romana Robotic Surgery campus [2] - The company is actively pursuing acquisition opportunities, having recently completed a small acquisition that complements its previous purchase of AJR Enterprises [2][3] Non-GAAP Financial Measures - Adjusted EBITDA for Q1 2025 increased by 45.9% to $30.2 million from $20.7 million in Q1 2024 [8][22] - Adjusted SG&A expenses rose by 27.5% to $16.3 million, but as a percentage of sales, it decreased to 11.0% from 12.2% in the same period last year [3][19]
UFP Technologies to Report First Quarter 2025 Financial Results on May 6, 2025
GlobeNewswire News Room· 2025-04-30 13:00
Core Viewpoint - UFP Technologies, Inc. is set to report its financial results for the first quarter of 2025 on May 6, 2025, prior to market opening, followed by a conference call to discuss the results [1] Company Overview - UFP Technologies is an innovative designer and custom manufacturer specializing in components for medical devices, sterile packaging, and other highly engineered products [3] - The company plays a crucial role in the medical device supply chain and serves as a valued outsourcing partner for many leading medical device manufacturers globally [3] - UFP's products include single-use and single-patient devices and components utilized in various medical applications such as minimally invasive surgery, infection prevention, wound care, wearables, orthopedic soft goods, and orthopedic implants [3] Conference Call Information - The conference call to discuss the financial results will take place on May 6, 2025, at 10:00 AM Eastern Time [2] - Participants can join the call using provided dial-in numbers, and a live webcast will be available on the company's website [2]
Senseonics Holdings, Inc. Schedules First Quarter 2025 Earnings Release and Conference Call for May 8, 2025 at 4:30 P.M. Eastern Time
Globenewswire· 2025-04-29 20:05
Core Viewpoint - Senseonics Holdings, Inc. is set to release its first quarter 2025 financial results on May 8, 2025, after market close, indicating ongoing developments in its financial performance and product offerings [1]. Group 1: Financial Results Announcement - The company will announce its first quarter 2025 financial results after market close on May 8, 2025 [1]. - A conference call to discuss the financial performance will take place at 4:30 p.m. (Eastern Time) on the same day, which will also be available via webcast [2]. Group 2: Company Overview - Senseonics is a medical technology company focused on developing and manufacturing long-term implantable continuous glucose monitoring (CGM) systems for diabetes management [3]. - The company's CGM systems, Eversense 365 and Eversense E3, feature a small sensor that is implanted under the skin and communicates with a smart transmitter, sending glucose data to a mobile app every 5 minutes [3].
Integer Schedules First Quarter 2025 Earnings Release and Conference Call for April 24, 2025
GlobeNewswire News Room· 2025-03-27 12:00
Core Points - Integer Holdings Corporation plans to release its financial and operational results for the first quarter of 2025 on April 24, 2025, at 7 a.m. CT / 8 a.m. ET [1] - Following the results release, a webcast will be hosted by Integer management at 8 a.m. CT / 9 a.m. ET to discuss the results and other forward-looking information [1] - Integer is one of the largest medical device contract development and manufacturing organizations (CDMO) globally, focusing on cardiac rhythm management, neuromodulation, and cardio and vascular markets [4] Conference Call Details - An audio replay of the conference call will be available for seven days, accessible by dialing (800) 770-2030 or (609) 800-9909 with Conference ID 3120125 [2] - The conference call will also be available live or via archived replay on the Investor Relations section of the Integer website [2][3] - Domestic and international dial-in numbers for the conference call are provided, along with the Conference ID [5] Company Overview - Integer Holdings Corporation is committed to enhancing patient lives by providing innovative, high-quality products and solutions [4] - The company serves as a strategic partner to medical device companies and OEMs, with notable brands including Greatbatch Medical® and Lake Region Medical® [4]