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Biosensors Reports Continued Strong Sales and Earnings Growth in the Third Quarter of Fiscal Year 2012
Date:2/8/2012

SINGAPORE, Feb. 8, 2012 /PRNewswire-Asia/ -- Biosensors International Group, Ltd. ("Biosensors" or the "Company", Bloomberg: BIG SP; Reuters: BIOS.SI; SGX: B20), a developer, manufacturer and marketer of innovative medical devices for interventional cardiology and critical care procedures, today announced financial results for its third fiscal quarter ("Q3 FY12") and nine months ended 31 December 2011 ("FY12 nine-month period").

Q3 FY12 Performance Highlights:

  • Robust total revenue of US$84.8M, almost doubling that of the same period last year
  • Terumo Corporation, the Company's licensing partner in Japan, continued to record strong revenue growth for its Nobori drug-eluting stents ("DES"), resulting in a more than four-fold year-on-year increase in licensing revenue for the Company
  • Full-quarter financial results for JW Medical Systems Ltd. ("JWMS") included, following its successful consolidation
  • Sales of Interventional Cardiology Products ("IVP") recorded a year-on-year increase of 72% to US$58.7M, primarily driven by the Company's flagship BioMatrix™ family of DES and the inclusion of JWMS' results
  • Net profit excluding exceptional items increased 80% year-on-year to US$26.8M
  • Four-year results from the LEADERS trial presented at the Transcatheter Cardiovascular Therapeutics (TCT) conference in November showing improved long-term clinical outcomes for BioMatrix Flex™ in comparison to a sirolimus-eluting stent. The results were also published by leading medical journal The Lancet

"We are delighted to report another strong quarter, driven by continued product revenue increase, robust licensing revenue from our partner Terumo and aided by the successful consolidation of JWMS," commented Co-CEO Mr. Jeffrey B. Jump. "The recent four-year LEADERS trial data we presented at TCT are significant for Biosensors -- they validate o
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SOURCE Biosensors International Group, Ltd.
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