Toulouse, November 4, 2015 - VEXIM (FR0011072602 - ALVXM), a medical device company specializing in the minimally invasive treatment of vertebral fractures, announces that the company has received the Award of the fastest growing listed company, and was ranked 4th in the 2015 Technology Fast 50 for southwestern France by Deloitte in Extenso. The ceremony took place on November 3, 2015, at the Aeroscopia aeronautical museum (Toulouse-Blagnac, France).
Created by Deloitte France in 2001, the Technology Fast 50 ranks the 50 most performant French high-tech companies based on their growth and innovation. For this 15th edition, the ranking criteria were based on the long-term growth of innovative companies over the past 4 years.
VEXIM stood out for its excellent performance, with an increase in revenue of 757% from 2011 to 2014 (i.e. +€9,125,000 over the period)
VEXIM achieved an increase in revenue of €3.6M for the third quarter of 2015, up 44% compared to 2014, mainly due to excellent sales performance in Europe. Such strong growth indicates an increase in the adoption rate and market penetration of the SpineJack® technology, a revolutionary implant for the treatment of vertebral fractures. VEXIM's year-to-date sales on September 30 were €9.6M.
"We are glad to receive this distinction, which is a meaningful recognition of our dynamism and sustained growth over the last years, and of our contribution to innovation in the region. These good results are a testament to our dedication and effective strategy. I would like to thank all of our partners for their valuable support, especially Truffle Capital, as well as all of the company's employees who greatly contributed to our success. VEXIM is well positioned to become a global leader in the spine trauma market," said Vincent Gardès, CEO of VEXIM.
During the first half of 2015, VEXIM announced the promising results of two clinical studies which confirmed the SpineJack®'s efficiency in treating vertebral compression fractures and its excellent performance compared with the Medtronic balloon. In June, VEXIM also initiated a new clinical study intended to support the Company's application for 510(k) regulatory clearance to market SpineJack® in the U.S.
VEXIM now focuses on expanding its global distribution network and increasing its market penetration in Europe, while developing commercial activities in the United States. The company expects to become profitable by the end of 2015.
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Created by Deloitte France in 2001, the Technology Fast 50 ranks the 50 most performant French high-tech companies based on their growth and innovation. For this 15th edition, the ranking criteria were based on the long-term growth of innovative companies over the past 4 years.
VEXIM stood out for its excellent performance, with an increase in revenue of 757% from 2011 to 2014 (i.e. +€9,125,000 over the period)
VEXIM achieved an increase in revenue of €3.6M for the third quarter of 2015, up 44% compared to 2014, mainly due to excellent sales performance in Europe. Such strong growth indicates an increase in the adoption rate and market penetration of the SpineJack® technology, a revolutionary implant for the treatment of vertebral fractures. VEXIM's year-to-date sales on September 30 were €9.6M.
"We are glad to receive this distinction, which is a meaningful recognition of our dynamism and sustained growth over the last years, and of our contribution to innovation in the region. These good results are a testament to our dedication and effective strategy. I would like to thank all of our partners for their valuable support, especially Truffle Capital, as well as all of the company's employees who greatly contributed to our success. VEXIM is well positioned to become a global leader in the spine trauma market," said Vincent Gardès, CEO of VEXIM.
During the first half of 2015, VEXIM announced the promising results of two clinical studies which confirmed the SpineJack®'s efficiency in treating vertebral compression fractures and its excellent performance compared with the Medtronic balloon. In June, VEXIM also initiated a new clinical study intended to support the Company's application for 510(k) regulatory clearance to market SpineJack® in the U.S.
VEXIM now focuses on expanding its global distribution network and increasing its market penetration in Europe, while developing commercial activities in the United States. The company expects to become profitable by the end of 2015.
Help employers find you! Check out all the jobs and post your resume.
