Interim report 3 2019 Invent Medic Sweden AB
CEO Karin Bryder summarizes the quarter
During the third quarter of 2019, we have spent alot of time on preparing the launches of efemia inthe UK and Germany which are taking place nowin the fourth quarter. Among other things, we havedelivered the first product orders. At the same time,we continue our marketing of efemia in Sweden,where several regions in the healthcare sector finallyinitiated relevant procurement processes in whichwe participate with efemia. During the quarter, wealso participated in the International ContinenceSociety’s (ICS) annual meeting in Gothenburg.There was a great interest in efemia, and we metseveral exciting persons and entities to follow upgoing forward. In addition, the scientific lecturespointed out the importance of products such asefemia, both in general as a complement to surgeryas well as for specific women’s groups. One of thesegroups is women who are engaged in “high impact”activities such as gym excercice, a segment that weare now looking more closely at. efemia has alreadybeen proven as a very suitable product for gymexcercice. In two recent studies, all participants werehelped by the product. We are also progressing withour evaluations of additional promising potentialvaginal health products, as we see great potential inexpanding our product portfolio as our distributionnetwork for efemia is expanded to additional andlarger markets.
Results in brief
| KSEK | 2019July - Sept | 2018July - Sept | 2019July - Sept | 2018July - Sept | 2018July - Dec |
| Sales income | 31 | 0 | 248 | 0 | 41 |
| Other operating income | 0 | 84 | 0 | 445 | 444 |
| Operating costs | -2 875 | -2 537 | -9 207 | -7 048 | -9 795 |
| Result for the period | -2 844 | -2 453 | -8 960 | -6 604 | -9 311 |
For more information please contact
Karin Bryder, CEO
Phone: +46 (0)723811710
E-mail: info@inventmedic.com
About Invent Medic
Invent Medic Sweden AB (Invent Medic) is a Swedish company developing innovative products with the aim to improve women’s health and quality of life. The company’s products are to be safe, effective and easy to use. The finished women’s health products are sold through the company’s Arcamea brand. Invent Medic’s first product, Efemia, is a CE-certified and patented medical technology product used to reduce stress urinary incontinence (SUI) that was shown to reduce urine leakage with 77 percent during usage in a clinical study. The product is based on the same scientific principle as the TVT method, the premier surgical treatment for SUI. Invent Medic’s share is listed on the Spotlight Stock Market with the ticker symbol IMS, and the share’s ISIN code is SE0007603402. More information can be found at www.inventmedic.com and www.spotlightstockmarket.com.