Successful Launch of EluPro
EluPro's first full quarter launch exceeded expectations, with an 84% increase from the fourth quarter. It now constitutes 52% of BioEnvelope revenue, driven by approvals from 25 hospitals actively ordering the product.
Partnership with Boston Scientific
The partnership includes 900 sales professionals promoting EluPro, resulting in sales at over 52 hospitals. This collaboration aims to expand market reach and accelerate product adoption.
Manufacturing Expansion
A new facility in Gaithersburg, Maryland, was opened to expand manufacturing capacity for the antibiotic disc, reducing costs and removing supply constraints.
Financial Position Strengthening
The company reported a 31% year-over-year growth in BioEnvelope division revenue, improved sequential growth, and a successful cash position with $17.4 million at quarter's end.
Edison Award and Scientific Recognition
EluPro received an Edison Award for innovation in postsurgical recovery and a peer-reviewed publication confirming its broad-spectrum antibacterial effect.