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CREO Creo Medical Group Plc

37.50
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Creo Medical Group Plc LSE:CREO London Ordinary Share GB00BZ1BLL44 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 37.50 49,442 08:00:19
Bid Price Offer Price High Price Low Price Open Price
37.00 38.00 37.75 37.50 37.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Surgical,med Instr,apparatus 27.17M -26.94M -0.0746 -5.03 135.47M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:07:20 O 3,947 37.73 GBX

Creo Medical (CREO) Latest News

Creo Medical (CREO) Discussions and Chat

Creo Medical Forums and Chat

Date Time Title Posts
15/3/202420:20Creo Medical Group PLC 2023596
08/6/202315:55Creo Medical Group... 2017623
03/12/201812:41First use of Speedboat in mainland Europe-
09/12/201614:52China Real Estate Opportunities3
27/6/201211:52having a look......1,095

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2024-03-18 15:07:2137.733,9471,489.20O
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2024-03-18 14:18:5437.7511643.79O
2024-03-18 13:29:3937.39352131.60O

Creo Medical (CREO) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 by Creo Medical Daily Update
Creo Medical Group Plc is listed in the Surgical,med Instr,apparatus sector of the London Stock Exchange with ticker CREO. The last closing price for Creo Medical was 37.50p.
Creo Medical currently has 361,251,418 shares in issue. The market capitalisation of Creo Medical is £135,469,282.
Creo Medical has a price to earnings ratio (PE ratio) of -5.03.
This morning CREO shares opened at 37.50p
Posted at 07/3/2024 13:50 by innnovate
@hat: re NICE approached CREO
Do you have a reference for this?
My understanding is that NICE selected Creo tech for an in depth review, but Creo will have first submitted data package describing lower-GI ESD use case for initial high-level assessment at NICE (see release of 01.06.2023). Not every application received by NICE will be reviewed in depth. I’m optimistic NICE will conclude positively, but it might easily ask for more data if the review panel is not fully convinced.
Posted at 04/3/2024 14:57 by someuwin
New Edison Update:

Creo Medical Clinical update MicroBlate Flex progresses with first robotics use

Creo Medical has marked another milestone in advancing utility of its electrosurgical devices with the first use of its MicroBlate Flex device in a robotic-guided lung tissue ablation procedure (as part of an ongoing clinical study). Although not disclosed by the company, we believe this procedure was performed on Creo’s Kamaptive technology partner Intuitive Surgical’s ION bronchoscopy-focused robotics platform. Proving and expanding compatibility with robotic platforms has been an overarching goal for Creo and we see this as a notable step towards achieving this. The successful procedure also bodes well for the company’s partnership with Intuitive Surgical, which holds an estimated 57% market share in robotic surgical systems and has an installed base of 534 ION systems, indicative of the sizeable market opportunity for Creo. For reference the lung cancer therapeutic market size is estimated at $28bn in 2022 and is expected to reach c $60bn by 2032.

MicroBlate Flex is a flexible, small diameter microwave ablation device designed for minimally-invasive soft tissue ablation. The device received FDA 510(k) clearance in 2021 (CE mark received in 2020) and is currently being evaluated for safety and feasibility in the treatment of lung lesions as part of a muti-site, post-market clinical study (announced in March 2023). The first-in-human procedure was performed in May 2023 by principal investigator, Professor Pallav L Shah, at the Royal Brompton Hospital in London, and this latest update marks the first robotics-assisted procedure using MicroBlate Flex. The procedure was used to ablate a 27mm cancerous nodule from a patient’s lung, in less than three minutes.

Robotics-assisted procedures are a coveted goal in cancer treatment, given the greater precision rates and ability to excise small and hard-to-reach nodules and tumours using minimally invasive methods, greatly improving recovery rates and reducing hospitalisation expenses. The said procedure using MicroBlate Flex was performed in the same sitting as a diagnostic procedure, highlighting the utility of such systems in developing more efficient patient care and improving outcomes.

We believe the procedure was conducted using Creo’s Kamaptive technology partner Intuitive Surgical’s ION robotics platform, with an installed base of 534 robots (including at the Royal Brompton Hospital) and 54,000 procedures conducted in 2023. Creo signed a multi-year collaboration with Intuitive Surgical in May 2022 and MicroBlate Flex’s utility with the ION robotics system appears to be the first of potential additional collaborations. Should the collaboration roll-over to include Intuitive’s da Vinci systems (installed base of 8,606 systems), the market opportunity can be materially larger. We note that Creo is entitled to milestone and royalty payments as part of the collaboration (c £1.8m licensing fee in 2023). We view this as an exciting development and await further updates from the company.
Posted at 01/3/2024 07:21 by someuwin
Creo Medical Group plc

("Creo" the "Company" or the "Group")

Microwave Lung Ablation Update

Creo Medical Group plc (AIM: CREO), the medical device company focused on the emerging field of minimally invasive surgical endoscopy for pre-cancer and cancer patients, announces progress with its MicroBlate Flex device.

Professor Pallav Shah and Dr Christopher Orton, of the Royal Brompton Hospital, have become the first specialists in the world to perform a robotic guided microwave ablation of lung tissue in the same sitting as a diagnostic procedure. Creo's MicroBlate Flex device was used to perform the procedure.

In a recent announcement, Professor Shah and his team reported that microwave ablation was used to ablate a 27mm cancerous nodule in a patient's lung. The procedure took place at the Royal Brompton Hospital in London and is reported to have taken 3 minutes.

Dr Orton commented: "The potential to combine the diagnosis, staging and treatment of lung cancer in one procedure offers significant benefit to patients."

Link:

Craig Gulliford, Chief Executive Officer of Creo, said: "Creo has been pioneering minimally invasive surgical endoscopy for pre-cancer and cancer patients for years, and implementing our technology into robotic application is a key goal for us as the adoption of this technology continues to grow exponentially.

"We are incredibly proud that our MicroBlate Flex technology has been able to make this world-first possible. The potential for these technologies to combine precise robotically guided lung cancer diagnosis with the ablation of cancerous tissue in one session is transformational. Not only could this dramatically improve outcomes for lung cancer patients, but it has the potential to do away with long and worrying delays between diagnosis and treatment. This is the beginning of an exciting program and the team have done a terrific job in reaching this point."
Posted at 25/1/2024 16:00 by wan
As a reminder and for those who are relatively new -

Released: 23/05/2022
Collaboration agreement with Intuitive

Creo technology to be adapted for use with robotic-assisted surgical platform

Creo Medical Group plc (AIM: CREO), a medical device company focused on the emerging field of surgical endoscopy, announces that it has signed a long-term, multi-year collaboration agreement (the "Agreement") with Intuitive to optimise certain Creo products to be compatible with Intuitive's robotic technology. Intuitive (Nasdaq: ISRG) is a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery.

Full Creo release -
Posted at 10/1/2024 10:15 by wan
Indeed more good news as Speedboats use gathers momentum across a range of clinical applications.

Taking the last paragraph of todays RNS in isolation -

Craig Gulliford, Chief Executive Officer of Creo Medical, said: "The procedures done at IECED have shown the full potential of the new Speedboat UltraSlim. We were thrilled to witness the successful execution of the F-POEM procedure using solely the Speedboat device, a task that traditionally requires three separate instruments. This not only showcases the device's efficiency but also enhances the cost-effectiveness of the procedure, underscoring the economic advantages Creo's technology can deliver to our valued customers."
(END)

Reducing the use of three instruments is excellent news for patients and hospitals, but it's also disruptive to the company/companies supplying the three instruments that will likely become somewhat redundant!

It would thus be interesting to learn who those companies are, but in any regard its relatively easy to understand the continued attractions of licensing, strategically partnering, or deepening/extending existing agreements with Creo. Not to mention Creo's own clear pipeline and strategy to enhance each one of their revenue streams, all leading to an increasingly positive outlook for Creo!
Posted at 15/12/2023 07:06 by someuwin
15 December 2023

Creo Medical Group plc

("Creo" the "Company" or the "Group")

First use of Speedboat(R) UltraSlim in the USA

Creo Medical Group plc (AIM: CREO), the medical device company focused on the emerging field of surgical endoscopy, announces that its latest device, Speedboat(R) UltraSlim, has now been successfully used in the USA.

The limited market release of the Speedboat(R) UltraSlim in the USA has resulted in the device being successfully used in multiple clinical applications. The first was a Speedboat Submucosal Dissection (SSD) in the colon for a precancerous lesion, followed by a precancerous resection in the oesophagus. Additional successful indications were Upper Oesophageal Peroral Endoscopic Myotomy and Zenkers Diverticulum, treating swallowing disorders and gastroparesis. These procedures come shortly after the Company announced that it had obtained 510(k) clearance from the US Food & Drug Administration for Speedboat(R) UltraSlim in November 2023 and follows the first UK case earlier this week.

Speedboat(R) UltraSlim is the third device in Creo's Speedboat(R) family of products, and is targeting the therapeutic treatment of disease in the GI tract (including cancer of the Bowel, Stomach and Oesophagus) as well as surgical procedures to deal with abnormalities resulting in swallowing disorders and, in some cases, gastric reflux. This latest generation Speedboat has broad application in the GI tract due to a smaller configuration, ensuring compatibility with a wide range of colonoscopes and gastroscopes.

Powered by Creo's CROMA advanced energy platform, Speedboat(R) UltraSlim delivers fluid as well as advanced bipolar radiofrequency ("RF") energy for controlled cutting and high frequency microwave ("MW") energy for controlled coagulation of tissue in the GI tract. The device is the culmination of a long programme of work to further miniaturise Creo's technology, and is compatible with the working channel of all commercially available endoscopes accessing the vast majority of GI endoscopic procedures.

Craig Gulliford, Chief Executive Officer of Creo Medical, said: "Following the completion of the design transfer to manufacturing last week, the whole team has worked tirelessly to get Speedboat UltraSlim into the hands of clinicians. Having first use in the UK and the USA in a single week, not only validates the utility of our cutting edge technology, but succinctly illustrates the cohesion across our team and joint intention to deliver on our objectives.

"Knowing the potential that having a device that is compatible with all major endoscopes brings, we are energised to get the device into the hands of clinicans to allow them to treat their patients, for more indications and improve lives. With significant demand for this product already indicated from existing and potential Speedboat users , we will continue our early market release ahead of the full market launch in early 2024.

" Continued innovation of the Speedboat platform with smaller multi-modal devices supports the continued evolution of minimally invasive procedures that deliver better clinical and economic outcomes for the healthcare community and their patients."
Posted at 13/12/2023 07:14 by someuwin
13 December 2023

Creo Medical Group plc

("Creo" the "Company" or the "Group")

First European Speedboat(R) UltraSlim procedure marks early commercial launch

Creo Medical Group plc (AIM: CREO), the medical device company focused on the emerging field of surgical endoscopy, announces the initiation of its commercial launch of Speedboat(R) UltraSlim, following the completion of the design transfer to manufacturing last week. The first procedure using the device was completed in the UK.

This first use of Speedboat(R) UltraSlim was for a lower Gastrointestinal ("GI") tract procedure, and comes shortly after the Company announced the UK and EU regulatory pathway had been accelerated by approximately 18 months . The Company expects the first European upper GI cases to follow soon, as well as first upper and lower GI cases in the USA, following the 510(k) clearance being received from the US Food & Drug Administration in November 2023.

Speedboat(R) UltraSlim is the third device in Creo's Speedboat(R) family of products. The device is the culmination of a long programme of work to miniaturise the technology to a scale which covers all the foreseeable market applications, resulting in blanket compatibility with all commercial endoscopes accessing the vast majority of GI endoscopic procedures and significantly increasing the opportunity for more clinicians and patients to benefit from Creo's cutting-edge technology.

Speedboat(R) UltraSlim is targeting the therapeutic treatment of disease in the GI tract including cancer of the Bowel, Stomach and Oesophagus as well as surgical procedures to deal with abnormalities resulting in swallowing disorders and in some cases gastric reflux. Powered by Creo's CROMA advanced energy platform, Speedboat(R) UltraSlim delivers advanced bipolar radiofrequency ("RF") energy for controlled cutting and high frequency microwave ("MW") energy for controlled coagulation of tissue in the GI tract.

Craig Gulliford, Chief Executive Officer of Creo Medical, said: " This is yet another landmark moment for Creo Medical. We know what a difference this even smaller device will make in terms of broadening access to advanced energy in endoscopy for a wider pool of clinicians. Speedboat UltraSlim is compatible with all major endoscopes, meaning clinicians can bring advanced energy to their practices, allowing more patients to be treated endoscopically, which avoids surgery and the associated secondary costs and risks. We will continue the early market release to a designated early adopter programme over the coming weeks before the full market launch in early 2024, with significant demand for this product already indicated from existing and potential Speedboat users ."
Posted at 12/10/2023 09:36 by xxxxxy
Creo Medical Group PLC Investor PresentationSource: RNS Non-RegulatoryTIDMCREOCreo Medical Group PLC12 October 2023Creo Medical Group plc("Creo" the "Company" or the "Group")Investor PresentationCreo Medical Group plc (AIM: CREO), a medical device company focused on the emerging field of surgical endoscopy, announces that Creo will deliver a presentation providing an overview of the Company at a hybrid event in London hosted by the UK Individual Shareholders' Society (ShareSoc) on Thursday 19 October 2023 and available to ShareSoc members via the link below:https://www.sharesoc.org/sharesoc-walbrook-pr-healthcare-companies-hybrid-event-london-19-october-2023-5pm/Craig Gulliford , Chief Executive Officer will deliver an "in-person" presentation which will also be streamed live (and recorded), allowing ShareSoc members to watch virtually. N o new material information will be disclosed in the presentation.An online presentation covering the Company's interim results for the six months ended 30 June 2023, and presented on 12 September 2023 , is available for all investors on the Investor Meet Company platform and can be accessed via this link: https://www.investormeetcompany.com/investor/meeting/investor-presentation-421... Adfn news
Posted at 17/9/2023 12:15 by dr biotech
In contrast to most listed firms, Creo Medical doesn’t like its inventions to make a splash. Instead, it aims for its medical products — which use microwaves and other wireless technologies to precisely stem bleeding and cut lesions via endoscopies — to leave minimal impact.

Unfortunately for Creo’s investors, the Aim-listed firm’s shares have suffered worse than minimal impact. The stock has halved in value over the past 12 months, from 65p last September to 32p now. It’s up since a February nadir of 18p amid funding concerns, but the stock is still changing hands at well below the £2 mark seen in 2021. Its current market capitalisation is just £115 million.

Yet Creo’s concerns have largely eased: a £34 million fundraiser in March should provide enough cash until at least 2025, when management predicts it will turn profitable. Furthermore, the firm’s medical technology developments — which result in quicker surgeries and faster recovery, freeing up beds and so reducing bills for the health service — are bang on current NHS trends.

At its interim results last week, the firm flagged a sharp increase in adoption of its Speedboat Inject device, which facilitates the removal of bowel sections with pre-cancerous growths under sedation, so patients leave hospital on the same day. A traditional removal under general anaesthetic involves up to five days in hospital.

This is all modest for now. Of Creo’s £15.7 million revenues in the first half, the vast majority stemmed from its endotherapy consumable business — catheters, tubes, valves — and only £900,000 came from its “advanced energy” products. But the rate of sales doubled over the year. There are only 115 trained users of its tech, but that’s up 44 per cent on 2022. Creo’s underlying loss of £9.2 million for the half was 15 per cent lower than

With £17 million cash on the balance sheet, its work is being noticed. Medics at a leading gastro industry event, Digestive Disease Week, heard this year that Creo’s technology reported an 82 per cent curative rate for bowel and colon lesions, with no recorded perforations. Nice, the health watchdog, has selected Speedboat Inject for a review that could lead to a significant UK rollout.

Craig Gulliford, its chief executive, flags the “rapid pace of adoption of Creo’s technology and the global recognition it is achieving, with the body of data supporting the clinical and commercial benefits growing quickly as a result”.

City analysts agree on this momentum: Chris Donnellan at the rebranded broker Cavendish reckons the firm is at an “inflection point”. Buy.
Posted at 16/8/2023 06:10 by someuwin
16 August 2023

Creo Medical Group plc

("Creo" the "Company" or the "Group")

Royal Oldham SSD service going from strength to strength

40 cases completed in record time, with patients and waiting lists experiencing immediate benefits

Creo Medical Group plc (AIM: CREO), the medical device company focused on the emerging field of minimally invasive surgical endoscopy, provides an update on the implementation of its technology within The Royal Oldham Hospital ("Royal Oldham"). On 17 May, Creo announced that Royal Oldham had become the first NHS hospital to immediately implement CROMA and Speedboat(TM) Inject across multiple endoscopy rooms, putting in place weekly lists for multiple SSD (Speedboat Submucosal Dissection) cases.

The hospital has now treated over 40 patients using the new service, representing the fastest time for any NHS hospital to reach the landmark, with exceptional results for patients, the hospital and its staff. Multiple doctors at the hospital have already progressed through Creo's Pioneer Programme mentoring stage and are independently treating regular lists of patients presenting with complex, high-risk lesions in the colon.

Creo has a target base for the Speedboat range of products of more than 350 NHS hospitals, with each SSD procedure demonstrated to save the NHS up to GBP10k when compared to traditional surgery, alongside a typically far shorter hospital stay and significantly lower risk of complications. There are 23 NHS England healthcare settings that have now adopted SSD.

Dr Sal Khalid, Consultant Gastroenterologist at the Royal Oldham Hospital, said: "I'm very pleased with the outcomes the Speedboat Inject device is facilitating for our patients, allowing our advanced endoscopists to remove complex high-risk lesions and even early cancer without the patient requiring invasive surgical treatment.

"Almost all bowel cancers start as a lesion, and so having the technology now available to us to cut deeper and more safely through the layers of the bowel when removing a lesion enables us to ensure that it's completely removed and reduce the chances of patients requiring an operation.

"It's already clear that this will have a lasting effect, with the treatment reducing the chances of recurrence from 15% to 1% and potentially providing a cure for lesions containing early cancer without requiring operation.

"Indeed, only three months into the new service we are already recording a reduction in the waiting lists not only across our endoscopy suites but, perhaps most importantly, in terms of those waiting for the surgical treatment of more invasive cancers.

"The best part about the new service is being able to call a patient a few days later and tell them that they have had a curative outcome - that the lesion has been removed with the necessary margins not to have to worry about it anymore. That was rarely the case before we introduced Speedboat Inject and the advanced energy.

" The establishment of this service will help us maintain our status as one of the leading advanced endoscopy services in the country and help us move towards our goal of prevention, early detection, and treatment of bowel cancer."

Dr Khalid has now completed over 15 procedures using the Speedboat Inject device. Out of the first 10 cases, two were confirmed as cancers and three as showing features of high grade dysplasia, suggesting lesions very close to turning into a cancer. All of these lesions were successfully removed completely through an SSD procedure using Creo's advanced energy device.

What next?

-- SSD will become Royal Oldham's treatment of choice for high-risk polyps suspected of containing early cancer. Hundreds of patients every year are expected to benefit from this treatment option.

-- Royal Oldham plans to expand the service and increase the number of conditions it can treat using this equipment. This will involve training endoscopists to perform a wider array of procedures using CROMA and Speedboat.

-- An expanded service will be supported by a dedicated multidisciplinary team involving experts from across all the relevant specialties, ensuring every patient gets the best treatment based on expert knowledge, with every decision supported by the most current medical evidence.

-- Royal Oldham will also aim to offer training opportunities to help teach this advanced technique to a wider pool of doctors, including the establishment of training posts of Endoscopy Fellows who will receive dedicated training and experience of decision making and performing SSD procedures under direct supervision of Dr Sal Khalid and his team.

Craig Gulliford, CEO of Creo Medical said: "Oldham provides a phenomenal model for what's possible when a hospital immediately recognises the potential of the device and implements the right pathways and resource to maximise its impact.

"To know that there are 40 patients in and around Oldham who have already benefited from our technology and the excellent service provided by Dr Khalid and his team is incredibly gratifying, with the knock-on positive effects on waiting lists and hospital resources now well established.

"To hear plans for the further expansion of the service is also excellent news and we look forward to supporting the hospital in every way we can."
Creo Medical share price data is direct from the London Stock Exchange

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