Welcome to our dedicated page for Cerus news (Ticker: CERS), a resource for investors and traders seeking the latest updates and insights on Cerus stock.
Cerus Corporation develops and supplies blood-safety technologies and pathogen-protected blood components for blood centers and hospitals. Its recurring news centers on the INTERCEPT Blood System for platelets and plasma, the U.S. INTERCEPT Blood System for Cryoprecipitation used to produce INTERCEPT Fibrinogen Complex, and the company’s red blood cell pathogen-reduction program.
Company updates commonly cover product revenue, gross margin trends, revenue guidance, government contract activity, international supply agreements, clinical studies involving pathogen-inactivated platelets, regulatory and pipeline developments, healthcare conference participation, and governance changes. Commercial disclosures often emphasize demand for INTERCEPT Fibrinogen Complex and adoption of pathogen inactivation technologies by blood establishments in the United States, Europe and other markets.
Cerus Corporation (CERS) announced its participation in the upcoming BTIG Virtual MedTech, Digital Health, Life Science & Diagnostic Tools Conference and the 11th Annual SVB Leerink Global Healthcare Conference. Vivek Jayaraman, COO, will present on February 16 at 9:00 a.m. EST, while CFO Kevin Green will participate on February 18 at 12:00 p.m. EST. The events are for BTIG clients, and webcasts can be accessed via Cerus' investor relations webpage. Cerus focuses on safeguarding the blood supply globally, offering the INTERCEPT Blood System, which has CE and FDA approvals for pathogen reduction.
Cerus Corporation (CERS) announced preliminary product revenues for Q4 2021 at $39.9 million, marking a 41% increase from Q4 2020. The full-year 2021 product revenue is expected to reach $130.9 million, exceeding previous guidance of $127-$129 million. Looking ahead, 2022 revenue is projected between $157-164 million, reflecting a growth of 20%-25%. The company also plans to expand access to INTERCEPT Fibrinogen Complex following FDA approval. Full financial results will be discussed in February.
Cerus Corporation (NASDAQ: CERS) announced that CFO Kevin D. Green will participate in the Stephens Annual Investment Conference on December 3, 2021, at 2:00 p.m. ET in Nashville, Tennessee. A live webcast will be accessible on the Cerus Investor Relations page, with a replay available for about two weeks post-event. Cerus is focused on safeguarding the global blood supply, offering technologies like the INTERCEPT Blood System, which has CE Mark and FDA approval for pathogen reduction in platelets and plasma. For details, visit www.cerus.com/ir.
On November 15, 2021, Cerus Corporation (CERS) will participate in the Stifel 2021 Virtual Healthcare Conference, featuring CEO William ‘Obi’ Greenman and CFO Kevin D. Green. The event is set for 4:40 p.m. ET, with a live webcast available on Cerus' Investor Relations page. Cerus is focused on ensuring blood safety, developing technologies like the INTERCEPT Blood System, which is approved for pathogen reduction in platelets and plasma. The company aims to lead in global blood products.
Cerus Corporation (CERS) reported strong financial results for Q3 2021, with total revenue of $42.1 million, a 44% increase year-over-year. Product revenue reached $36.1 million, up 53% compared to Q3 2020. The company raised its full-year 2021 product revenue guidance to a range of $127-129 million, anticipating a growth of 38-40% over the previous year. Despite operational expenses increasing to $35.6 million, net loss improved to $12.4 million from last year's $14.1 million. Cerus continues to see significant demand for the INTERCEPT Blood System.
Cerus Corporation (NASDAQ: CERS) will release its third quarter 2021 financial results on November 2, 2021, after market close. A conference call and webcast are scheduled for 4:30 PM ET on the same day, where management will discuss the financial results and provide a business overview. The INTERCEPT Blood System, the company's flagship product, remains the only pathogen reduction system with CE mark and FDA approval for platelets and plasma. A replay of the call will be available post-event until November 16, 2021.
Today, the FDA's final guidance on bacterial risk control for platelet collection and transfusion takes effect, promoting the INTERCEPT Blood System for platelets by Cerus (CERS) as a compliant pathogen reduction solution. This system not only addresses bacterial contamination—recognized as a major risk in the U.S.—but also inactivates a range of viruses and parasites. The guidance aims to enhance platelet safety and availability for transfusions across the U.S., marking a significant milestone in transfusion medicine, as INTERCEPT is currently the only FDA-approved measure for compliance.
Cerus Corporation (NASDAQ: CERS) will participate in the Society for the Advancement of Blood Management Annual Meeting from September 22-25, 2021. On September 23, Cerus will host a workshop discussing the clinical need for the INTERCEPT Fibrinogen Complex, featuring presentations from hospital customers. The INTERCEPT Blood System for Cryoprecipitation is FDA approved since November 2020, aimed at improving treatment of massive hemorrhage. Additionally, CMS has granted a New Technology Add-On Payment for the INTERCEPT Fibrinogen Complex.
Cerus Corporation (Nasdaq: CERS) announces participation in the 2021 Cantor Global Virtual Healthcare Conference on September 29, 2021, at 11:20 a.m. ET. CEO William 'Obi' Greenman and CFO Kevin D. Green will represent the company. A live webcast will be accessible on Cerus’ Investor Relations page, with a replay available for two weeks post-event. Cerus is committed to protecting the global blood supply, offering the INTERCEPT Blood System, which has CE mark and FDA approval for pathogen reduction in platelets and plasma. For further details, visit Cerus Investor Relations.
Cerus Corporation (Nasdaq: CERS) has received permanent HCPCS Level II codes from CMS for its INTERCEPT Fibrinogen Complex (IFC) and Pathogen Reduced Plasma, effective October 1, 2021. These codes will aid hospitals in billing for these innovative products, enhancing access to transfusion medicine. Earlier, Cerus announced a new technology add-on payment for IFC within the Medicare Hospital Inpatient Prospective Payment System. The INTERCEPT Blood System, which also includes IFC, is designed for treating massive hemorrhage and has FDA Breakthrough Device designation.