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.
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Cerus Corporation (Nasdaq:CERS) has signed a contract with Canadian Blood Services to implement the INTERCEPT Blood System for Platelets, marking its entry into the Canadian market. The initial rollout will begin in the Ottawa region in Fall 2021, pending Health Canada approval, with plans for broader implementation after extending the shelf life of pathogen-reduced platelets. Canadian Blood Services aims to manufacture approximately 115,000 platelet doses annually, focusing on minimizing transfusion-transmitted infections.
Cerus Corporation (Nasdaq: CERS) reported first-quarter 2021 revenue of $29.6 million, a 20% increase from $24.6 million in Q1 2020. Product revenue grew by 26% to $23.4 million, driven by heightened demand for INTERCEPT platelet products in the U.S. The company raised its annual product revenue guidance to $110-$114 million, indicating a 20%-24% growth from 2020. Gross margins decreased to 52.5% from 55.3% due to product mix changes. The net loss was $17.5 million, with operational cash usage narrowing to $18 million. Cash reserves stood at $132 million by March 31, 2021.
Cerus Corporation (Nasdaq: CERS) will release its Q1 2021 financial results on May 4, 2021, after market close. A conference call will follow at 4:30 P.M. ET for management to discuss the results and provide a business outlook. Interested parties can access the webcast through the company's Investor Relations page or join the call via designated phone numbers. Cerus focuses on enhancing blood safety and has developed the INTERCEPT Blood System, which is the only pathogen reduction technology with both CE mark and FDA approval for platelets and plasma.
Cerus Corporation (Nasdaq: CERS) announced that CEO William ‘Obi’ Greenman and CFO Kevin D. Green will participate in the Jefferies Virtual Global Plasma Summit on March 11, 2021, at 11:00 am PT/2:00 pm ET.
A live webcast will be available on the Cerus Investor Relations page, with a replay accessible for two weeks post-event. Cerus focuses on safeguarding the global blood supply with its INTERCEPT Blood System, which is the only pathogen reduction system for platelets and plasma approved by both CE and FDA. The red blood cell system is currently under regulatory review in Europe.
Cerus Corporation (Nasdaq: CERS) reported record revenues for Q4 2020 at $33.6 million, totaling $114.2 million for the year. Product revenue increased 35% in Q4 and 23% for the year. Despite a net loss of $14.4 million for Q4, the loss narrowed compared to the previous year. The company has projected 2021 product revenue guidance between $106 million and $110 million, showing an expected 15% to 20% increase. Notable achievements include FDA approval for a new blood product and a new joint venture in China.
Cerus Corporation (Nasdaq: CERS) has formed a joint venture, Cerus ZBK Biomedical (CEZB), with Shandong Zhongbaokang Medical Implements Co. Ltd. to develop and commercialize the INTERCEPT Blood System for platelets and red blood cells in China. Cerus will hold a 51% stake, while ZBK will leverage its local expertise and manufacturing capabilities. This collaboration aims to address China's growing blood transfusion market, which sees over 23 million red blood cell collections annually. The joint venture is expected to accelerate access to safer blood components in the region.
Cerus Corporation (Nasdaq: CERS) will announce its Q4 and full year 2020 financial results on February 25, 2021, post-market close. A conference call is scheduled for 4:30 PM ET the same day, where management will discuss the financial results and provide a business overview and outlook. Interested parties can access the call via the Investor Relations page or by phone. A replay will be available shortly after the call.
Cerus focuses on ensuring safe blood supply through the INTERCEPT Blood System, which has received both CE Mark and FDA approval.
Cerus Corporation (Nasdaq: CERS) has announced that CEO William ‘Obi’ Greenman and CFO Kevin D. Green will participate in two upcoming conferences. The first event is the BTIG Virtual MedTech Conference on February 17 at 1:30 PM ET, followed by the Cowen 41st Annual Health Care Conference on March 1 at 2:40 PM ET. Both events will be webcast live, with replays available for two weeks post-event. Cerus focuses on enhancing blood safety through its INTERCEPT Blood System, which has received both CE mark and FDA approval for pathogen reduction in platelets and plasma.
Cerus Corporation (Nasdaq: CERS) reported preliminary product revenue for Q4 2020 at $28.2 million, a 35% increase from $20.9 million in Q4 2019, which positions it for a total 2020 revenue of $91.9 million. This is above the prior guidance range of $89 million to $91 million. The company anticipates 2021 revenue of $106 million to $110 million, reflecting 15% to 20% growth driven by strong demand for INTERCEPT platelet kits despite ongoing COVID-19 impacts. Additionally, 2021 will see the first sales of a new biologic therapeutic product.