IRRAS Receives Renewed CE Mark for the IRRAflow Catheter

Stockholm, Sweden, December 19, 2019 – IRRAS, a global healthcare company with a comprehensive portfolio of innovative products for neurocritical care, announced today that it received CE Mark approval for its IRRAflow^® catheter. This CE Mark complements the two CE Marks previously obtained for the IRRAflow system’s tube set with digital pump and control unit, and allows IRRAS to once again commercially market the IRRAflow system in the European Union. The complete IRRAflow CNS System received approval for CE Mark today and will be ready for commercial launch in the EU.

IRRAflow, the company’s initial commercial product, is a transformative medical device system that combines controlled irrigation with ongoing fluid drainage to better manage patients with intracranial bleedings. In April 2018, IRRAS received an updated ISO 13485:2016 certificate and updated CE Mark approvals for both the control unit and tube set with digital pump in the IRRAflow system, both of which are Class II products. The proprietary IRRAflow catheter, however, is a Class III product, and required more time to review.

“We are pleased to receive the final CE Mark for IRRAflow in Europe, which is a strategically important geography for IRRAS,” said Kleanthis G. Xanthopoulos, Ph.D., President and CEO of IRRAS. “With this approval, we can now ramp up our marketing and sales efforts for the initiation of product sales in the key EU market.”

“In my previous patient treatment experience with IRRAflow, I found the system’s combination of irrigation and drainage to be a valuable tool in treating my critically ill patients with intracranial bleeding and brain infections,” said Dr. Behnam Rezai Jahromi, Neurosurgeon from Helsinki University Hospital in Helsinki, Finland. “Innovation in neurocritical care has been limited through the years, and I look forward to studying the potential impact of IRRAflow more closely in the future.”

“Over the past year, we have seen many successful case outcomes and significant customer interest across a variety of neurosurgery procedures with IRRAflow, therefore, we are thrilled to be able to continue our expansion to Europe,” said Will Martin, IRRAS’ Chief Commercial Officer. Based on this early experience, we are confident that IRRAflow will continue to significantly improve patient outcomes and result in sustained sales growth.”  

About IRRAS

IRRAS AB is a global healthcare company focused on delivering innovative medical technologies to our customers and their patients. IRRAS designs, develops and commercializes products that improve patient outcomes and decrease the overall cost of care by addressing complications associated with current treatment methods in neurocritical care. IRRAS markets and sells its products to hospitals worldwide through its direct sales organizations in the U.S. and select European countries and a network of distribution partners in other markets.  

IRRAS maintains its headquarters in Stockholm, Sweden, with corporate offices in Munich, Germany, and San Diego, California, USA. For more information, please visit www.irras.com. 

IRRAS AB (publ) is listed on Nasdaq First North Premier Growth Market (ticker: IRRAS). Redeye AB is certified adviser of the company with email certifiedadviser@redeye.se or phone +46 8 121 576 90.
  

For more information, please contact:

USA
Kleanthis G. Xanthopoulos, Ph.D.
President and CEO
ir@irras.com  

Europa
Sabina Berlin
CFO
+46 73 951 95 02
sabina.berlin@irras.com

This document is considered information that IRRAS is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was released for public disclosure, through the agency of the contact person above, on December 19, 2019 at 8.30 p.m. (CET).