Commercial Channel Revenue Growth
Commercial Channel revenue grew 22%, driven by strong Integrity growth, Hyalofast expansion outside the U.S., and international growth in OA Pain Management.
Integrity Procedures and Growth
Integrity procedures in the U.S. grew for the sixth consecutive quarter, driving Regenerative Solutions growth of 25% year-over-year. The number of surgeon users increased to nearly 300.
Successful Hyalofast PMA Submission
The third and final PMA module for Hyalofast was submitted to the FDA on October 31st, marking a major milestone in the U.S. regulatory pathway.
Cingal Milestone and Progress
Surpassed sales of 1 million Cingal injections since 2016 launch. Progress made towards U.S. NDA submission with successful completion of the first toxicity study.
Cost Structure Improvements
SG&A expenses down 12% year-over-year and overall operating expenses down 3%, leading to improved profitability and free cash flow.