Item affecting comparability in Q2 2019

Lund, Sweden, 18:00 CET 18 July 2019

BONESUPPORT will record an item affecting comparability with a negative impact of approximately SEK 11.0 million on operating profit in the second quarter 2019. The item is a provision related to product returns from the previous US distributor, Zimmer Biomet.

The provision is based on first indications from Zimmer Biomet and all returns will undergo a review and approval process. We expect the amount to be fixed and agreed during the third quarter 2019. 

The provision has no significant impact on previously communicated financial targets.

 The distribution agreement with Zimmer Biomet was terminated in May 2018 and was replaced by a network of independent distributors and BONESUPPORT’s own commercial organization, to allow a better market coverage and accelerated market penetration for current products and future launches in the US market. Zimmer Biomet’s exclusive period ended in October 2018, when the independent distributors started selling CERAMENT BVF in parallel. From May 2019 Zimmer Biomet is not allowed to sell CERMANET BVF and the distribution contract dictates that BONESUPPORT shall buy back sellable inventory at original transfer price.

In 2017 Zimmer Biomet had self-reported in-market sales of around USD 14 million of CERAMENT BVF.

About BONESUPPORT™ 

BONESUPPORT (Nasdaq Stockholm: BONEX) develops and commercializes innovative injectable bio-ceramic bone graft substitutes that remodel to the patient’s own bone and have the capability of eluting drugs. BONESUPPORT’s bone graft substitutes are based on the patented technology platform CERAMENT. The company is conducting several clinical studies to further demonstrate the clinical and health economic ben- efits its products deliver and a Premarket approval filing with the FDA (USA) for its gentamicin eluting prod- uct is planned in 2020. The company is based in Lund, Sweden, and the net sales amounted to SEK 97 mil- lion in 2018. Please visit www.bonesupport.com for more information.

BONESUPPORT and CERAMENT are registered trademarks of BONESUPPORT AB.

For more information contact:

BONESUPPORT HOLDING AB
Emil Billbäck, CEO
 +46 (0) 46 286 53 70 

Håkan Johansson, CFO
+46(0) 46 286 53 70
ir@bonesupport.com

Cord Communications
Charlotte Stjerngren
+46 (0)708 76 87 87
charlotte.stjerngren@cordcom.se
www.cordcom.se

The information was submitted for publication, through the agency of the contact persons set out above, at 18:00 CET on 18 July 2019.

About Us

BONESUPPORT is an innovative and rapidly growing commercial stage orthobiologics company, based in Lund, Sweden. The Company develops and commercializes innovative injectable bio-ceramic bone graft substitutes that remodel to the patient’s own bone and have the capability of eluting drugs directly into the bone void. BONESUPPORT’s bio-ceramic bone graft substitutes CERAMENT® BONE VOID FILLER (BVF), CERAMENT® G* and CERAMENT® V* are all based on the Company’s novel and proprietary technology platform. The Company’s research and development is focused on the continuing development and refinement of its CERAMENT technology to extend its use into additional indications by the elution of drugs and therapeutic agents. The Company currently has a pipeline of pre-clinical product candidates that have been designed to promote bone growth. BONESUPPORT is listed on Nasdaq Stockholm and trades under the ticker “BONEX” (ISIN code: SE0009858152). Further information is available at www.bonesupport.com *CERAMENT G: Not available in the United States, for investigational use only. CERAMENT V: Not available in the United States. BONESUPPORT™ and CERAMENT® are registered trademarks.

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