Sirtex Medical Ltd Maintained FY17 dose sales guidance

Maintained FY17 dose sales guidance: Sirtex Medical Ltd (ASX: SRX) announced that the SARAH study abstract has been embargoed ahead of the upcoming European Association for the Study of the Liver, International Liver Congress (EASL/ILC), in Netherlands from April 19 – 23, 2017. The abstract is now expected to be released by EASL/ ILC. SARAH is a Phase III multi-centre prospective randomized open-label study for patients in France with advanced HCC (Barcelona Clinic Liver Cancer stage C) with or without portal vein thrombosis and no extrahepatic spread or whose disease has progressed or recurred after previous therapies and who are ineligible for surgical resection, ablation or liver transplantation. This move supported by clinical trials on completion can support the reach-out to a large number of patients considering the scope for SIR-Spheres. For the first half 2017, SRX had reported global dose sales growth of 5.6% to 6,047 units and has maintained FY17 dose sales guidance of 5-11% with FY17 constant currency EBITDA guidance maintained at $65-$74 million. SRX has also come-up with an on-market share buy-back for up to $30.0 million over the next six months. The stock price had dropped 43.4% in last six months but rose 20.16% in last three months (as at April 05, 2017) with the ongoing developments and positive updates from the company.

 

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