During the first quarter of 2012, PLC shipped 60 single-use RenalGuard disposable sets and one RenalGuard console internationally, compared to 55 RenalGuard single-use disposable sets and four consoles that shipped in the first quarter of 2011.
As expected with the ramp-up of the company's U.S. pivotal trial, Operating Expenses were $1,176,000 in the first quarter of 2012, compared to $666,000 in the same quarter of 2011. SG&A costs were $665,000 in the first quarter of 2012, compared to $593,000 recorded in the first quarter of 2011, with the 2012 period including $206,000 in stock compensation expenses for consultants, while Research & Development expenses were $515,000 in the first quarter of 2012, a dramatic increase from the $73,000 reported in the first quarter of 2011.
About PLC Systems Inc.PLC Systems Inc., headquartered in Milford, Mass., is a medical device company focused on innovative technologies for the cardiac and vascular markets. PLC's newest product, RenalGuard, has been developed to help prevent the onset of Contrast-Induced Nephropathy (CIN) in at-risk patients undergoing certain cardiac and vascular imaging procedures. The Product is CE-marked and is being marketed in Europe and selected countries around the world. Two investigator-sponsored European studies have demonstrated RenalGuard's effectiveness at preventing CIN. RenalGuard is being studied in a pivotal trial in the U.S., as required for approval by FDA.
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|SOURCE PLC Systems|
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