Aziyo up on distribution pact with LeMaitre for cardiovascular portfolio

LeMaitre Vascular

21/04/2023 10:44

** Shares of regenerative medicine company Aziyo Biologics
Inc  AZYO.O  up 31.9% at $2.19 in premarket trading
    ** Aziyo and LeMaitre Vascular Inc  LMAT.O  partner for
distribution of AZYO's cardiovascular portfolio
    ** Under the agreement, AZYO will grant LeMaitre exclusive
U.S. distribution rights for its cardiovascular patches -
ProxiCor PC, ProxiCor CTR, Tyke and VasCure
    ** Collaboration is for a term of 3 years and LMAT will have
exclusive option to buy the cardiovascular patch business after
first year
    ** In a separate statement, LeMaitre said it expects to
generate a 50% gross margin on the sale of the patches
    ** Up to last close, AZYO down 60.9% so far this year

 (Reporting by Ashwini Raj in Bengaluru)
 ((Ashwini.Raj@thomsonreuters.com))