Photocure (LON:0IMT) has announced results for Q318, with 25% revenue growth compared to Q317. Revenues grew strongly in the US, where Hexvix/Cysview sales increased 46% over Q317. This was driven mainly by improved reimbursement and a higher installed base of blue light cystoscopes. Importantly, the company has received new medicare coding, which will increase reimbursement for the use of Hexvix/Cysview starting in 2019.
US Driving Growth
Q318 sales in the US increased 46% to NOK16.5m and are up 40% over the first nine months of the year. Unit sales increased 35% during the quarter and are up 38% year-to-date. The total installed base of blue light cystoscopes (both rigid and flexible) increased to 137, up from 104 at the beginning of 2018.
To read the entire report Please click on the pdf File Below..