Brief: Episurf Medical: Strategy Update To Take The Next Commercial Steps And Improve Financial Results

Episurf Medical AB

14/07/2023 07:36

July 14 (Reuters) - Episurf Medical AB  EPISb.ST :
    * EPISURF MEDICAL: STRATEGY UPDATE TO TAKE THE NEXT
COMMERCIAL
STEPS AND IMPROVE FINANCIAL RESULTS
    * STRATEGIC FOCUS THAT BRINGS INCREASED FOCUS ON US MARKET,
TRANSITION TO A DISTRIBUTOR MODEL FOR OTHER KEY MARKETS
    * MEASURES ARE EXPECTED TO REDUCE OPERATIONAL COSTS BY
APPROXIMATELY SEK 25 MILLION ON AN ANNUAL BASIS.
    * ONE-TIME EXPENSE OF SEK 4M RELATED TO STRATEGIC FOCUS WILL
BE
CHARGED IN COMPANY'S Q2 2023 REPORT.
    * ANNOUNCES THAT PLAN IS TO MAKE SEVERAL POSITIONS
REDUNDANT.
    * EXPECTS THAT CURRENT FUNDING WILL BE SUFFICIENT TO LAUNCH
BOTH
EPISEALER® PATELLOFEMORAL SYSTEM AND EPISEALER® MTP SYSTEM
    * BELIEVES PROFITABILITY CAN BE ACHIEVED MORE QUICKLY, AND
CAPITAL
REQUIREMENTS ARE SIGNIFICANTLY LESS, THAN WHAT COST INDICATED

Source text for Eikon:  ID:nWkr9Xz0g8 
Further company coverage:  EPISb.ST 

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