January – March 2023
- Net sales: SEK 7.0 million (6.8)
- Operating income: SEK -4.3 million (-4.0)
- Net income for the period: SEK -4.3 million (-4.1)
- Earnings per share: SEK -0.06 (-0.06)
Summary of the quarter
- 3% sales growth.
- The first study on whole blood is published showing that Glycosorb® ABO effectively reduces anti-A/B antibodies without increased haemolysis (destruction of red blood cells).
- The first blood group incompatible kidney transplant with Glycosorb® ABO in South Africa is performed.
- Great Ormond Street Hospital in England performs its 18th blood group incompatible paediatric heart transplant using Glycosorb® ABO. All transplants have been performed with successful results.
- The company’s quality system has been inspected and approved by its Notified Body.
- The company’s new Head of Marketing and Head of Sales take up their positions and the recruitment process for a dedicated function in the area of transfusion starts.
“Net sales during the first quarter of the year amounted to SEK 7.0 million (6.8), corresponding to a growth of 3 percent. This means that Glycorex has now had positive growth figures for five consecutive quarters and that the growth over the past twelve months amounts to 20.5 percent. Operating income for the quarter amounted to SEK -4.3 million (-4.0).
This quarter we have seen clear examples of how our G4G strategy is delivering results. The success in South Africa is extremely encouraging and shows how crucial our technology can be to people’s quality of life. The patient transplanted in Cape Town had been waiting for a new kidney for 10 years. The whole blood study in the US is also very encouraging as it shows that we can expand into new areas with existing technology. During the quarter, we resumed the preparatory work for a registration application in the US and intensified the launch of our product for the production of universal blood products.
We will continue to focus on the projects and the areas that have the best opportunities building an even stronger Glycorex.”
- Johan Lavén, CEO
For more information, please contact:
Johan Lavén, CEO
Tel: + 46 (0)73 330 92 16
This information is the kind of information Glycorex Transplantation AB (publ) is obliged to make public under the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person above, on May 24, 2023, at 08:00 CET.
Brief information about the company
Glycorex Transplantation AB (publ) is a global medical technology company headquartered in Sweden. The company has developed a unique technology to select and remove specific antibodies in the blood.
Glycosorb® ABO is one of the company's self-developed proprietary medical devices that is used to facilitate blood group-incompatible transplants. Whilst primarily used to facilitate blood group incompatible kidney transplants, Glycosorb® ABO is also used in blood group incompatible liver-, heart-, lung-, and stem cell transplants. More than 60 scientific papers have been published in reputable medical journals, showing excellent short- and long-term outcomes of blood group incompatible transplants performed with Glycosorb® ABO. Glycosorb® ABO has been used in more than 6,000 transplants in over 25 countries. In addition to Europe, Glycosorb® ABO is used in Australia, Canada, India, Israel, Mexico, Singapore, South Africa, and Thailand, for example.
The company has also developed a CE-marked medical device product for the production of universal (low titer) blood products and is collaborating with a leading European research institute to develop a product for the treatment of the autoimmune disease rheumatoid arthritis.
Glycorex Transplantation AB (publ) is listed on NGM Main Regulated Equity (Nordic Growth Market) and is traded under the symbol GTAB B
25 March 2023 – 33. Münsteraner Symposium Nierentransplantation, Germany
24-26 May 2023 – MESOT (Middle East Society For Organ Transplantation), Turkey
1-3 June 2023 – 14th World Congress of the International Society for Apheresis (ISFA), Germany
3-7 June 2023 – ATC (American Transplant Congress), USA
17-21 June 2023 – ISBT (International Society of Blood Transfusion), Sweden
17-20 September 2023 – ESOT (European Society for Organ Transplantation), Greece
26-28 October 2023 – DTG 2023 (Annual Meeting of the German Transplantation Society), Germany
Geert Nygaard, CEO presenting Glycorex Transplantation on Aktiedagen (Aktiespararna) januari 31 2022.
The presentation on Youtube >>
Glycorex Transplantation is a proud collaborator with The Hospital Clínic de Barcelona in Spain. It recently became the first hospital in Spain to carry out more than 1,000 living donor kidney transplants. To celebrate this milestone, a campaign called “A thousand transplants, a thousand stories” was launched to increase public awareness and encourage living donor kidney donations. https://www.clinicbarcelona.org/en/news/the-hospital-clinic-the-first-hospital-in-spain-to-carry-out-1-000-living-donor-kidney-transplants
REDEYE GROWTH DAY
Pontus Nobréus, CEO of Glycorex Transplantation will present at the Redeye Growth Day on June 2, 2021 at 08:50 CET.
Link to live streaming: https://www.redeye.se/events/808637/redeye-growth-day-2021
Glycorex Transplantation participates in the BioStock Life Science Spring Summit 2021. CEO Pontus Nobréus will present the company at the BioStock Life Science Spring Summit on May 26-27. For more information please visit: www.summit.biostock.se
Tomorrow, april 29th, Dr Guirado from Spain will discuss ABO incompatible kidney transplantations in a live Zoom seminar, arranged by our distributor in Mexcio, Ryse Médica and Sociedad Mexicana De Transplantes.