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IIN Inion Oy

0.36
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Inion Oy IIN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.36 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.36 0.36
more quote information »

Inion Oy IIN Dividends History

No dividends issued between 28 Apr 2014 and 28 Apr 2024

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Posted at 11/8/2008 08:22 by pre
Out-licensing agreement (Inion Oy)




RNS Number : 0340B
Inion Oy
11 August 2008





Inion Oy
("Inion or the "Company")

Inion licenses bioactive bone regrowth technology
to US company Curative Biosciences Inc.

Tampere, Finland and Guildford, UK. 11 August 2008, Inion (LSE: IIN.L), today announces
the signature of an out-licensing agreement with
US company, Curative Biosciences Inc. (Waltham, MA), covering certain of its novel bioactive
technologies for the promotion of bone regrowth
and repair when treating patients undergoing orthopaedic surgical procedures. Under the terms
of the licensing agreement, Curative
Bioscience Inc. will pay to Inion a small upfront fee, development and sales milestones of up
to US$2,025,000 and royalties on revenues
generated from any products developed using the technology.

The licensed technology is based on the use of N,N-dimethylacetamide (DMA) and its
pharmaceutically acceptable salts and prodrugs,
either alone or incorporated in resorbable polymer structures (such as plates, membranes and
screws) for implantation in patients. Patent
applications covering this technology in the UK and internationally have been filed and are
pending.

Chris Lee, Inion's CEO, said: "DMA was discovered to have bioactive properties in
promoting bone repair and regrowth through research
work undertaken at our Cambridge facility prior to its closing last year. Inion, however, is
no longer pursuing early stage development work
in this area as it focuses on the commercialisation of its existing product portfolio for
spinal surgery and orthopaedic trauma. By
out-licensing non-core intellectual property and technologies, such as DMA, we seek to realise
the value resulting from our research through
companies more focused in these areas."


-ends-

For further information, please contact:

Inion Oy Tel: +44 (0)1483 685390
Chris Lee, Chief Executive
Officer
Julien Cotta, Chief
Financial Officer

Citigate Dewe Rogerson Tel: +44 (0)207 638 9571
Mark Swallow / David Dible

About Inion (www.inion.com)
Inion Oy is a medical devices company focused on the development and successful
commercialisation of innovative and unique biodegradable
and bioactive surgical implants in selected high value orthopaedic market segments.

Inion's core expertise and technology lies in the design and manufacture of innovative
biodegradable plates, screws, pins and membranes,
which are used to enhance the healing of bone or soft tissue injuries to the skeleton, such as
those caused by trauma or by reconstructive
surgery. Inion implants are made from its proprietary Inion Optima* family of biomaterials,
with properties tailored for specific surgical
applications, in terms of strength, flexibility and rate of degradation

Inion is also focused on developing proprietary new bioactive and biodegradable biomaterials
that promote bone healing and accelerate
patient rehabilitation.

Inion was incorporated in early 2000 and listed on the Official List of the UK Listing
Authority in December 2004 (ticker: IIN). The
Company has offices in the UK and USA, and its head office, R&D and production facilities are
in Tampere, Finland.

This announcement includes "forward-looking statements" which include all statements other
than statements of historical facts,
including, without limitation, those regarding the Group's financial position, business
strategy, plans and objectives of management for
future operations (including development plans and objectives relating to the Group's
products), and any statements preceded by, followed by
or that include forward-looking terminology such as the words "targets", "believes",
"estimates", "expects", "aims", "intends", "will",
"can", "may", "anticipates", "would", "should", "could" or similar expressions or the negative
thereof. Such forward-looking statements
involve known and unknown risks, uncertainties and other important factors beyond the Group's
control that could cause the actual results,
performance or achievements of the Group to be materially different from future results,
performance or achievements expressed or implied by
such forward-looking statements. Such forward-looking statements are based on numerous
assumptions regarding the Group's present and future business strategies and the environment in
which the Group
will operate in the future. Among the important factors that could cause the Group's actual
results, performance or achievements to differ
materially from those in forward-looking statements include those relating to Inion's funding
requirements, regulatory approvals, reliance
on third parties, intellectual property, key personnel and other factors. These
forward-looking statements speak only as at the date of this
announcement. The Group expressly disclaims any obligation or undertaking to disseminate any
updates or revisions to any forward-looking
statements contained in this announcement to reflect any change in the Group's expectations
with regard thereto or any change in events,
conditions or circumstances on which any such statements are based. As a result of these
factors, prospective investors are cautioned not to
rely on any forward-looking statement.


This information is provided by RNS
The company news service from the London Stock Exchange

END
Posted at 15/7/2008 08:09 by pre
Wonder how much this is worth to IIN....this will open up other markets imo, with the US already opening up imo:-))

Found it!

It estimates that the US market for these procedures is worth
approximately 318 million euro and 32 million euro, respectively.
Posted at 15/7/2008 08:06 by pre
Cracking RNS....regulatory approval obtained:-)))))))


Regulatory Approval (Inion Oy)




RNS Number : 0510Z
Inion Oy
15 July 2008


Inion Oy
("Inion or the "Company")


Inion receives 510(k) marketing clearance to sell its biodegradable graft containment
systems in the USA for spinal fusion procedures


Tampere, Finland and Guildford, UK. 15 July 2008, Inion (LSE: IIN.L), the company focused
on the development and commercialisation of
novel biodegradable medical implants, today announces it has received 510(k) marketing
clearance from the US Food and Drug Administration
(FDA) for its biodegradable graft containment systems for spinal fusion procedures.

The US marketing clearance has been received for the Inion S-1* Anterior Cervical Fusion
System, the Inion S-1* double-level plate and
the Inion S-2* Anterior Thoraco-Lumbar Fusion System. These systems consist of biodegradable
plates and screws, which are designed for bone
graft containment in spinal fusion procedures. Such procedures are carried out as a treatment
for a range of spinal conditions including
ruptures and displacement of inter-vertebral discs. Inion's S-1* and Inion S-2* graft
containment systems include implants intended for use
along the entire length of the spine in conjunction with traditional rigid fixation.

These new graft containment systems also incorporate a radiographic marker to the edges of
the plates and to the tips of screws. These
markers enable surgeons to view the position of the implants in post-operative x-ray without
interfering with their assessment of the site
of surgery and its healing progress.

More than 183,000 cervical plating procedures (Ref. 1) and more than 10,000 anterior
thoraco-lumbar plating procedures (Ref. 2) were
performed in 2006 in the USA. The US market for these procedures was worth approximately
EUR318 million and EUR32 million, respectively. The
number of spinal plating procedures has since grown at an annual rate of approximately 30%.

Inion's biodegradable implants offer significant clinical benefits over traditional metal
materials, primarily in that they slowly and
completely degrade over time into carbon dioxide and water, which are absorbed into the body.

The Inion S-1* and Inion S-2* graft containment systems received CE Mark marketing
clearance in Europe in August 2007 and September
2007, respectively.

Chris Lee, Inion's CEO, said: "The US marketing clearance for our biodegradable spine
products is great news. We are already seeing
increased uptake of this important product line in Europe where awareness and acceptance of
the clinical benefits of biodegradable medical
implants is rapidly growing among surgeons, who are adopting this technology into their
practice. Our aim now is to push these new
biodegradable products aggressively into the US spine market where we believe it will make an
attractive alternative to traditional metal
plates and a strong driver of value for the Company."


References
1. Spinemarket, Inc: US spinal implant market: Cervical plate analysis. 2007
2. Spinemarket, Inc: US spinal implant market: Anterior lumbar plating analysis. 2007

-ends-

For further information, please contact:

Inion Oy Tel: +44 (0)1483 685390
Chris Lee, Chief
Executive Officer
Julien Cotta, Chief
Financial Officer

Citigate Dewe Rogerson Tel: +44 (0)207 638 9571
Mark Swallow / David
Dible

About Inion (www.inion.com)
Inion Oy is a medical devices company focused on the development and successful
commercialisation of innovative and unique biodegradable
and bioactive surgical implants in selected high value orthopaedic market segments.

Inion's core expertise and technology lies in the design and manufacture of innovative
biodegradable plates, screws, pins and membranes,
which are used to enhance the healing of bone or soft tissue injuries to the skeleton, such as
those caused by trauma or by reconstructive
surgery. Inion implants are made from its proprietary Inion Optima* family of biomaterials,
with properties tailored for specific surgical
applications, in terms of strength, flexibility and rate of degradation

Inion is also focused on developing proprietary new bioactive and biodegradable
biomaterials that promote bone healing and accelerate
patient rehabilitation.

Inion was incorporated in early 2000 and listed on the Official List of the UK Listing
Authority in December 2004 (ticker: IIN). The
Company has offices in the UK and USA, and its head office, R&D and production facilities are
in Tampere, Finland.

This announcement includes "forward-looking statements" which include all statements other
than statements of historical facts,
including, without limitation, those regarding the Group's financial position, business
strategy, plans and objectives of management for
future operations (including development plans and objectives relating to the Group's
products), and any statements preceded by, followed by
or that include forward-looking terminology such as the words "targets", "believes",
"estimates", "expects", "aims", "intends", "will",
"can", "may", "anticipates", "would", "should", "could" or similar expressions or the negative
thereof. Such forward-looking statements
involve known and unknown risks, uncertainties and other important factors beyond the Group's
control that could cause the actual results,
performance or achievements of the Group to be materially different from future results,
performance or achievements expressed or implied by
such forward-looking statements. Such forward-looking statements are based on numerous
assumptions regarding the Group's present and future business strategies and the environment in
which the Group
will operate in the future. Among the important factors that could cause the Group's actual
results, performance or achievements to differ
materially from those in forward-looking statements include those relating to Inion's funding
requirements, regulatory approvals, reliance
on third parties, intellectual property, key personnel and other factors. These
forward-looking statements speak only as at the date of this
announcement. The Group expressly disclaims any obligation or undertaking to disseminate any
updates or revisions to any forward-looking
statements contained in this announcement to reflect any change in the Group's expectations
with regard thereto or any change in events,
conditions or circumstances on which any such statements are based. As a result of these
factors, prospective investors are cautioned not to
rely on any forward-looking statement.


This information is provided by RNS
The company news service from the London Stock Exchange

END

REAZGGMNGDLGRZZ
Posted at 07/7/2008 08:13 by pre
Let's see what today brings....a bullish trading update from IIN...we should see this advance further from here imo...
Posted at 04/7/2008 09:32 by pre
imo, this fall looks well overdone over the past few weeks....today IIN have announced a bulllish update and are showing increasing strength in overseas market which bodes well:-)
Posted at 04/7/2008 08:24 by pre
Pre-close Trading Update (Inion Oy)




RNS Number : 3088Y
Inion Oy
04 July 2008


Inion Oy
("Inion or the "Company")

Pre-close Trading Update

Tampere, Finland and Guildford, UK. 4 July 2008, Inion (LSE: IIN.L), the company focused
on the development and commercialisation of
novel biodegradable medical implants, today provides an update on 2008 trading, ahead of its
half-yearly results announcement expected in
August 2008.

Based on the unaudited figures for the six months to 30 June 2008, the Directors
anticipate that revenues for the period will be
approximately EUR2.6 million, up 12% on the corresponding period in 2007. Invoiced sales of
EUR1.8 million for the second quarter were 115%
higher than in the first quarter of 2008, and 34% higher than in the corresponding period in
2007. These positive trends lead us to believe
that Inion is on track to meet current market expectations of circa EUR7.0 million in sales
for the full year 2008.

Significantly, within these growth figures there is evidence to suggest Inion is starting
to gain traction in the important US market.

Chris Lee, Inion's CEO, said: "We continue to make good progress with executing our
commercial strategy and are pleased to see sales
growing strongly across our focused market segments. This uplift in sales is as a result of
our commercial teams in these areas becoming
more effective and an increasing awareness and acceptance among surgeons of the clinical
benefits our biodegradable products can bring."


-ends-

For further information, please contact:

Inion Oy Tel: +44 (0)1483 685390
Chris Lee, Chief
Executive Officer
Julien Cotta, Chief
Financial Officer

Citigate Dewe Rogerson Tel: +44 (0)207 638 9571
Mark Swallow / David
Dible

About Inion (www.inion.com)
Inion Oy is a medical devices company focused on the development and successful
commercialisation of innovative and unique biodegradable
and bioactive surgical implants in selected high value orthopaedic market segments.

Inion's core expertise and technology lies in the design and manufacture of innovative
biodegradable plates, screws, pins and membranes,
which are used to enhance the healing of bone or soft tissue injuries to the skeleton, such as
those caused by trauma or by reconstructive
surgery. Inion implants are made from its proprietary Inion Optima* family of biomaterials,
with properties tailored for specific surgical
applications, in terms of strength, flexibility and rate of degradation

Inion is also focused on developing proprietary new bioactive and biodegradable biomaterials
that promote bone healing and accelerate
patient rehabilitation.

Inion was incorporated in early 2000 and listed on the Official List of the UK Listing
Authority in December 2004 (ticker: IIN). The
Company has offices in the UK and USA, and its head office, R&D and production facilities are
in Tampere, Finland.

This announcement includes "forward-looking statements" which include all statements other
than statements of historical facts,
including, without limitation, those regarding the Group's financial position, business
strategy, plans and objectives of management for
future operations (including development plans and objectives relating to the Group's
products), and any statements preceded by, followed by
or that include forward-looking terminology such as the words "targets", "believes",
"estimates", "expects", "aims", "intends", "will",
"can", "may", "anticipates", "would", "should", "could" or similar expressions or the negative
thereof. Such forward-looking statements
involve known and unknown risks, uncertainties and other important factors beyond the Group's
control that could cause the actual results,
performance or achievements of the Group to be materially different from future results,
performance or achievements expressed or implied by
such forward-looking statements. Such forward-looking statements are based on numerous
assumptions regarding the Group's present and future business strategies and the environment in
which the Group
will operate in the future. Among the important factors that could cause the Group's actual
results, performance or achievements to differ
materially from those in forward-looking statements include those relating to Inion's funding
requirements, regulatory approvals, reliance
on third parties, intellectual property, key personnel and other factors. These
forward-looking statements speak only as at the date of this
announcement. The Group expressly disclaims any obligation or undertaking to disseminate any
updates or revisions to any forward-looking
statements contained in this announcement to reflect any change in the Group's expectations
with regard thereto or any change in events,
conditions or circumstances on which any such statements are based. As a result of these
factors, prospective investors are cautioned not to
rely on any forward-looking statement.


This information is provided by RNS
The company news service from the London Stock Exchange

END

TSTFKNKDOBKDQOK
Posted at 13/11/2006 17:45 by egoi
Rumours elsewhere that Corin (CRG) are about to make an acquisition. Seems to me IIN would be a possible target, so maybe not an MBO but conceivably a bidder. I have no position in either but used to hold IIN.
Posted at 31/8/2006 18:22 by contrarian2investor
david77,
I have been watching this stock every since it was bought in Bloomberg Money for its Stockwatch portfolio at £1.11. They stated that is was a high risk recovery play at the time. It has proven to be the case. However from the ashes I believe a recovery could finally take place in the form of a restructuring or a takeover. I will be waiting to hear what the board has to say next week before I decide whether to make a small investment.

Unfortunately its generally been a bad market for most stocks from Finland and IIN seems to have been hammered.

Your's with integrity,
C2I
Posted at 13/12/2004 01:42 by happe
This should be IIN thread, please.
Posted at 23/4/2001 15:43 by aquila
energyi - thanks for that link but when i tried it everything ground to a halt and screaming, wailing and gnashing of teeth was heard from with my pc...I'll keep trying though!

I just wondered if there was any iinterest in this AFN /iin debate...regards, A.

No action in iin so doesn't seem very probable ....

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