Motus readies for commercial launch of Pure-Vu, posts $5.2M net loss for Q1 — 3 insights

Motus GI released its first quarter 2019 financial results, posting a $6.3 million net loss, or a $0.29 loss per diluted share.

Advertisement

What you should know:

1. Motus has $15.3 million in cash and investments.

2. In the quarter, Motus submitted a 510(k) application for the second-generation Pure-Vu System. The new system improves system mobility and setup logistics.

3. Motus has several milestones it anticipates hitting in the coming quarter, including:

  • Announcing the full clinical results of its Reduce study at Digestive Disease Week 2019, May 18-21 in San Diego. In initially announced results, Pure-Vu showed a statistically significant improvement in bowel cleanliness from baseline in 45 patients.
  • Starting investigator-led studies centering on Pure-Vu’s effectiveness for inpatient colonoscopy and high-risk outpatient colonoscopy populations
  • Expanding its field-based sales and U.S. clinical resources market.

For more on Motus’ milestones, click here.

More articles on gastroenterology:
Where a Kansas ASC plans to invest for future growth: Q&A with Director Sonja Clapp
Orthopedist salaries, USPI revenue & more: 5 must-read articles for ASC administrators
5 key traits of effective ASC administrators

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Building a High-Performance Cardiac PET Program: What Health Systems Should Consider

Thursday, July 30
12:00 PM - 1:00 PM CDT

Presenters: Rupa Sanghani, MD, FACC, FASNC, Rush University Medical CenterBrendon Loiselle, CDL Nuclear Technologies

Advertisement

Next Up in GI & Endoscopy

Advertisement

Comments are closed.