Mainstay Medical

FY results: progress made in key strategic areas

  • Sectors : Pharma and healthcare
  • Companies : Mainstay Medical

Ratings and price correct at time of issue.

  • Mainstay Medical

    Closing Price: 347c

  • RATING 14/09/17



2019 was a year of stabilisation for Mainstay after the disappointing ReActiv8-B trial results (December 2018). 2020 should be better with progress being made in key strategic areas. Dialogue with the FDA is progressing well on the group’s PMA application for ReActiv8, with an approval decision expected in end-2020 that could unlock the US market. The commercial strategy refined in Germany should support 2020 growth, and the platform could be replicated to propel growth in new markets: UK launch expected H1-20; Australia launch expected Q4-20/Q1-21.

Download full report with analyst certification and important disclosures

Feb 25 2020, 07:20 GMT