If you thought the quarterly was interesting, that only tells part of the story. Read the last annual.... here's an excerpt...
Let’s review the facts:
Haemacure has an extraction and purification technology that is fully developed and offers
yield enhancements of 3 to 10 times over the traditional fractionation technology,
Haemacure has a fully developed and formulated fibrin sealant that we believe performs as
well as or better than the fibrin sealants that will be on the market when it will launch its
product towards the end of 2010,
The Swiss Red Cross licensed our extraction process in the late 1990’s, scaled it up,
conducted Phase II clinical trials and built a manufacturing facility dedicated exclusively
to our fibrin sealant – this speaks to the quality of our technology,
151 patients and subjects have received our fibrin sealant in clinical trials, without any
serious adverse events related to the product being reported – this means that our fibrin
sealant is safe, therefore meeting a first key FDA metric. In addition, these earlier trials
demonstrated that the product worked very well when compared to the standard of care,
the second key FDA metric, and
Yields are 3 to 10 times higher than industry averages. We believe that Haemacure will