viewAnteris Technologies Ltd

Admedus signs deal to market its heart tissue products in Spain and Portugal

The company recently raised $6 million to expand and progress its strategic projects.

a heart figure
With numerous catalysts on the horizon 2018 could be a watershed year for the company

Admedus Ltd (ASX:AHZ) has signed an exclusive distribution agreement with leading healthcare group, Cardiva, to market and supply its ADAPT® tissue products in Spain and Portugal.

Under the agreement, Cardiva will initially distribute Admedus’ flagship ADAPT® tissue product CardioCel®, a non-calcifying, non-toxic bio-scaffold used to treat congenital heart defect and disease.

Additional ADAPT® products, VascuCel® and CardioCel 3D®, will be added to the Cardiva distribution portfolio later in the year.

Cardiva is a leading company in the Spanish and Portuguese health system, providing physicians access to a wide range of innovative devices in the areas of interventional cardiology, cardiac surgery and pain management.

Admedus chief operating officer David St Denis said: “Through this partnership with Cardiva, Admedus is thrilled to offer our clinically superior ADAPT® products to patients in Spain and Portugal - one of the five largest markets in Europe.

“With first orders due this month, we anticipate demand in this region to grow steadily as more surgeons are introduced to the unique clinical and health benefits of our ADAPT® technology,”

READ: Admedus secures $6 million to expand medical technologies strategy

Earlier this month, Admedus secured commitments to raise about $6 million from institutional and sophisticated investors in a placement at 30 cents per share.

Funds raised will enable the company to expand and progress its strategic projects, including the acceleration of its product portfolio from development to commercialisation.

Admedus has already submitted multiple patent applications in the US as it targets entry into the lucrative TAVR (transcatheter aortic valve replacement) market, currently worth US$3.5 billion and expected to grow to US$5 billion by 2020.

READ: Admedus has healthy mix of reliable Infusion earnings and strong revenue growth from ADAPT

Admedus has also invited existing shareholders to participate in a share purchase plan (SPP).

This offers the opportunity for each shareholder to subscribe for up to $15,000 worth of new Admedus shares by Monday, 28 May 2018 at a price of 30 cents per share.

Quick facts: Anteris Technologies Ltd

Price: 3.75 AUD

Market: ASX
Market Cap: $22.16 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Anteris Technologies Ltd named herein, including the promotion by the Company of Anteris Technologies Ltd in any Content on the Site, the...


Admedus CEO in New York to update on recent key milestones

Admedus Ltd (ASX:AHZ) CEO Wayne Paterson visited the Proactive Investors New York studio to update on key milestones the company has achieved in the past few months, including receiving European approval on two of its products.

on 03/17/2019

2 min read