Integrum has sold and delivered OPRA™ Implant Systems to a value of SEK 3.5 million to Center of Excellence in Ukraine

Rhea-AI Summary

Integrum (INTEG) announces the sale of OPRA Implant Systems worth SEK 3.5 million to the Center of Excellence in Kyiv, Ukraine, following the successful establishment of the center in December 2023. The company has trained and certified two senior surgeons to perform surgeries on amputees using the innovative implant system. The purchase aims to ensure continuous access to the OPRA Implant System. The disclosure contains information pursuant to the EU Market Abuse Regulation. The CEO, Rickard Brånemark, highlighted the urgent need for amputee care in Ukraine, especially following the Russian invasion. The company's implant system, which attaches directly to the skeleton, provides the best care for many amputees. The PR also includes contact information for more details and the Certified Adviser for Integrum. The press release can be found at the link provided.

Medical Device Industry Analyst

The sale of OPRA™ Implant Systems by Integrum to the Center of Excellence in Kyiv represents a significant commercial milestone for the company. The transaction's value of SEK 3.5 million underscores the demand for advanced prosthetic solutions in regions affected by conflict. The establishment of the Center and the training of surgeons are strategic moves that not only expand Integrum's market presence but also demonstrate the potential for growth within the prosthetics sector, particularly in emerging markets or areas with heightened medical needs.

From an industry perspective, the adoption of Integrum's technology is indicative of a broader trend towards osseointegration, a process where an implant is directly connected to the bone, offering a more stable and comfortable alternative to traditional socket prosthetics. This could signal a shift in market preferences and possibly drive innovation and competition in the sector, potentially affecting the stock performance of companies within the medical device industry.

Healthcare Market Analyst

The financial impact of Integrum's sale to the Kyiv Center of Excellence should be considered in the context of the global prosthetics market. With an estimated value of SEK 3.5 million, the deal may seem modest in the grand scheme of the medical device industry; however, it represents a foothold in a region with a significant and growing need for such technology. The long-term implications for Integrum include the possibility of recurring revenue from future sales, maintenance and upgrades, as well as the strengthening of its brand as a provider of high-quality care in challenging environments.

For investors, the successful establishment of the Center and the subsequent sale suggest that Integrum is capable of executing its international expansion strategy effectively, which could be a positive signal for the company's future performance. It also highlights the company's ability to navigate complex international healthcare markets, which may have a favorable impact on investor sentiment.

Financial Analyst

Analyzing the financial aspects of this transaction, the revenue of SEK 3.5 million should be considered in relation to Integrum's overall financial health. The immediate cash influx will positively influence the company's short-term financial statements. However, it's important to assess this figure against the company's operating costs, R&D expenses and any debt obligations to understand the net benefit.

Furthermore, the successful delivery and implementation of the OPRA™ Implant Systems could lead to increased investor confidence in Integrum's operational capabilities and its product's market viability. This could potentially lead to a positive impact on the company's stock price, as investors often look for proven execution and growth in new markets. However, it is crucial to monitor the company's subsequent quarterly financial reports to gauge the long-term sustainability of such contracts and their contribution to the company's revenue growth.

MÖLNDAL, Sweden, Jan. 31, 2024 /PRNewswire/ -- Integrum (publ) (Nasdaq First North Growth Market: INTEG B) announces that the company today has sold and delivered OPRA™ Implant Systems to a value of SEK 3.5 million to Center of Excellence at the Center for Complex Endoprosthetics, Osseointegration and Bionics in Kyiv, Ukraine.

Integrum helped establish the Center of Excellence in December 2023, and two senior surgeons have been trained and certified to perform surgeries on both transfemoral and transhumeral amputees using Integrum's innovative OPRA™ Implant System. Following a successful establishment, the Center of Excellence today completed a major purchase to secure continuous access to the OPRA Implant System.

"There is a great need for amputee care in Ukraine following the brutal Russian invasion. Our innovative implant system that attaches directly to the skeleton is the very best option for many amputees where an ordinary socket prosthesis, for different reasons, is not possible to use. It is satisfying that The Center of Excellence in Kyiv is now fully operational and that more and more amputees can be offered the best possible care," says Rickard Brånemark, CEO of Integrum.

This disclosure contains information that Integrum AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 31-01-2024 23:32 CET.

For more information, please contact:

Rickard Brånemark, CEO
Phone: +46 (0) 70 846 10 61
E-mail: rickard.branemark@integrum.se

Jörgen Svanström, CFO
Phone: + 46 (0) 70 734 96 60
E-mail: Jorgen.svanstrom@integrum.se

Certified Adviser

Carnegie Investment Bank AB (publ) is Certified Adviser.

The following files are available for download:

https://mb.cision.com/Public/17531/3920562/94acc647658c01a9.pdf

2024-01-31 Integrum PR Center of Excellence Kyiv purchases OPRA Implant systems

View original content:https://www.prnewswire.com/news-releases/integrum-has-sold-and-delivered-opra-implant-systems-to-a-value-of-sek-3-5-million-to-center-of-excellence-in-ukraine-302050061.html

SOURCE Integrum AB

FAQ

What is the value of the OPRA Implant Systems sold by Integrum to the Center of Excellence in Kyiv, Ukraine?

Integrum sold OPRA Implant Systems worth SEK 3.5 million to the Center of Excellence in Kyiv, Ukraine.

When was the Center of Excellence in Kyiv, Ukraine established by Integrum?

The Center of Excellence in Kyiv, Ukraine was established by Integrum in December 2023.

How many senior surgeons were trained and certified by Integrum to perform surgeries using the OPRA Implant System?

Integrum trained and certified two senior surgeons to perform surgeries on amputees using the OPRA Implant System.

What is the purpose of the purchase of the OPRA Implant Systems by the Center of Excellence in Kyiv, Ukraine?

The purchase aims to ensure continuous access to the OPRA Implant System for the Center of Excellence in Kyiv, Ukraine.

Who highlighted the urgent need for amputee care in Ukraine following the Russian invasion?

The CEO, Rickard Brånemark, highlighted the urgent need for amputee care in Ukraine following the Russian invasion.