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Stock impact report

Elutia Announces Strong Third Quarter Results, Accelerating Toward Full Launch of EluPro® Antibiotic-Eluting BioEnvelope in 2025 [Yahoo! Finance]

Elutia, Inc. - Class A (ELUT) 
Company Research Source: Yahoo! Finance
SILVER SPRING, Md., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Elutia Inc. (Nasdaq: ELUT) (“Elutia” or the “Company”), a pioneer in drug-eluting biomatrix products, today provided a business update and financial results for the third quarter ended September 30, 2024. Business Highlights: First Commercial Use : Announced the first patient implant of EluPro, the FDA-cleared antibiotic-eluting biologic envelope for pacemakers and neurostimulators. Strong Initial Adoption : EluPro is being utilized across all major cardiac implantable electronic device (CIED) brands and in neurostimulation procedures. EluPro now accounts for 25% of BioEnvelope (CanGaroo and EluPro) sales. Robust VAC Engagement : EluPro has now been submitted to over 100 hospital system value analysis committees (VACs), with 36 accounts now actively ordering. Expanded Sales Presence : Strengthened sales team in key markets including Southern California and the Northeast, balancing direct and independent representation fo Show less Read more
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