Creo Medical Share Discussion Threads

[someuwin] 16/6/2020 08:09

There was a bit of profit taking on yesterday's excellent news. But this should really motor from here onwards. imo.

[someuwin] 15/6/2020 08:34

Not far of from breaking into new highs

[dplewis1] 15/6/2020 08:09

Lol.. got that wrong obviously I meant it'll rally another 10% ..!

[someuwin] 15/6/2020 08:09

Craig Gulliford, Chief Executive Officer, commented: "We are delighted to announce the CE Mark and European clearance for our wider suite of GI products. Since their first demonstration at the UEG Week Congress in October 2019 the Creo team have been gearing up for first clinical use in various markets. P rocedures utilising our products have, for the right reasons, been delayed during the Coronavirus Pandemic as routine diagnostics have been stopped to free up resources. However, we are now poised with a wider range of devices than originally planned, that will allow the Company to re-emerge from lock-down stronger and more confident in our medium and long-term prospects.

"It's difficult to articulate how the whole Company feels about achieving this amazing milestone. Bringing any medical device to market is very challenging especially if they are truly novel medical devices, powered by cutting edge technology. So, bringing five individual and game-changing devices to market at the same time is a phenomenal achievement for the entire Creo team and completes phase one of our big ambition which underpinned our IPO and was supported by such a great group of investors.

"More importantly, this heralds the next phase of the business development as we take advanced laparoscopic surgical technology to the flexible endoscopy community worldwide. The whole Company is gearing up for enabling doctors across Europe, India and beyond to treat patients with these new device families for the first time over the coming months.

"We already have multiple devices in the market within the MicroBlate(TM) and Speedboat(TM) Device Technology platforms. The continuing development programme we are running at Creo will be generating many devices within each of these device platforms in the coming months and years enabling us to evolve as a business into many different clinical areas.

"Our heavily patented Speedboat(TM) Technology, SpydrBlade(TM) Technology, SlypSeal(TM) Technology and MicroBlate(TM) Technology powered by the CROMA(TM) platform provide a tremendous foundation from which we can build the business."

[dplewis1] 15/6/2020 07:28

Yep really good news although probably not massive price moving. These products are for different organs so CREO not confined to GI surgery and have a really strong pipeline of products near to commercial launch

[someuwin] 15/6/2020 07:11

Wow! amazing news...

Creo Medical Group PLC CE mark for five new devices

[chippyfriday] 14/6/2020 21:22

A1samu, thanks for posting the Baillie Gifford article

[dplewis1] 12/6/2020 16:33

Closed 2 quid. Lovely..

[someuwin] 12/6/2020 16:07

Very nice.

[dplewis1] 12/6/2020 14:45

That citywire article seems to have done the trick..

[skip10] 03/6/2020 09:54

It will be interesting to compare how Creo does with DEMG, another company which demonstrates very significant cost benefits and surgical outcomes, in their case by the use of it's cardiac output monitors. This involves buying a product and using it to reap the overall cost benefits and rewards of bad things not happening. Because it involves significant capital expenditure and the bad things not happening don't translate into a tangible cost saving that can be quantifiable and used for something else - there was insufficient foresight to use the technology as an investment. - DEMG gave up on the NHS and are still struggling despite having a product with results so good that it could be regarded as unethical not to use it.

[dplewis1] 03/6/2020 07:19

Another good RNS - huge cost savings for hospitals taking up their devices. Easy sale for CREO as better patient outcomes combined with cost savings is an absolute clincher.

[dplewis1] 26/5/2020 14:06

Delayed reaction but looking very bullish here now

[chippyfriday] 20/5/2020 13:34

Roll out in the NHS is great news! Deserves a bigger increase in the share price.

[haroldthegreat] 20/5/2020 12:50

once they have agreed preferential = reduced rates the hospitals will start to use them . obvious advantages over other products currently in use . once they have the device the sale of consumables continues on . the obstacle is getting the device purchased in the first place and this implies superiority over the existing products.

[someuwin] 20/5/2020 08:02

Yup - great news.

The real commercialisation phase starts now.

[dplewis1] 20/5/2020 07:07

Nice RNS - devices being launched into the NHS. Anything that reduces time in hospital and the inherent risk of catching something nasty while you're there has got to be worth investing in imo

[hazl] 22/4/2020 18:38

Hi toffee....how you doin'?

I'm not back in yet but it is tempting!

[dplewis1] 22/4/2020 18:20

Great to see CREO doing all they can to help with the fight against covid - tweet yesterday saying the team were working hard to "prepare & distribute CPAP ventilators & oxygen concentrators for local hospitals". Who cares if it's not revenue generating this is the sign of a good company to be invested in.

[hazl] 23/3/2020 08:58

Well done CREO.
I no longer hold but always thought it was a good one.
Good luck holders.

[dplewis1] 23/3/2020 07:10

More nice news here - once this corona nightmare is under control this should do very well indeed.

[dplewis1] 13/3/2020 14:16

I picked up a few more of these today, seemed unfairly battered by the recent selloff although you could say that for a lot of shares I suppose