Mainstay Medical Publishes 2016 Full Year Results and Business Update

- 23/03/2017

23 March 2017 – Mainstay Medical International plc (Euronext Paris: MSTY.PA and ESM of the Irish Stock Exchange: MSTY.IE), a medical device company focused on bringing to market ReActiv8®, an implantable restorative neurostimulation system to treat people with disabling Chronic Low Back Pain, announces today the publication of its 2016 Annual Report.

  • ReActiv8-B Clinical Trial – on track to complete enrolment around the end of 2017, with data availability in 2018
  • First sale and implant of ReActiv8 in Germany announced in February 2017
  • CE Marking based on positive results from ReActiv8-A Clinical Trial, one year data showed performance maintained
  • Completion of €30m private placement in June 2016
  • Cash at hand on 31 December 2016 – $36.7 million

More info on Mainstay Medical’s website.