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May 22, 2015 7:45 PM ET

Healthcare Equipment and Supplies

Company Overview of REVA Medical, Inc.

Company Overview

REVA Medical, Inc., a development stage medical device company, focuses on the commercialization of minimally invasive medical devices for the treatment of coronary artery disease in the human heart. It is developing and testing a bioresorbable stent to treat vascular disease in humans under the Fantom scaffolds name. The company was formerly known as MD3, Inc. and changed its name to REVA Medical, Inc. in March 2002. REVA Medical, Inc. was founded in 1998 and is headquartered in San Diego, California.

5751 Copley Drive

San Diego, CA 92111

United States

Founded in 1998

46 Employees

Phone:

858-966-3000

Fax:

858-966-3099

Key Executives for REVA Medical, Inc.

Co-founder, Chairman and Chief Executive Officer
Age: 60
Total Annual Compensation: $430.5K
President and Chief Operating Officer
Age: 57
Total Annual Compensation: $447.1K
Chief Financial Officer and Company Secretary
Age: 55
Total Annual Compensation: $515.2K
Senior Vice President of Clinical and Regulatory Affairs
Age: 47
Total Annual Compensation: $353.7K
Senior Vice President of Product Development
Age: 54
Total Annual Compensation: $348.7K
Compensation as of Fiscal Year 2014.

REVA Medical, Inc. Key Developments

Reva Medical, Inc. Expands FANTOM II Clinical Trial to Australia

REVA Medical, Inc. announced that the FANTOM II clinical trial is now enrolling patients with the Fantom sirolimus-eluting bioresorbable scaffold in Australia. This is in addition to previously announced sites in Brazil and Europe. The Fantom scaffold, made from REVA's advanced proprietary polymer, is designed to allow the restoration of blood flow in patients being treated for coronary artery disease, then resorb from the body over time. The FANTOM II trial is enrolling patients to support a European CE Mark application, which is expected to occur by mid-2016.

REVA Medical, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

REVA Medical, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company's loss from operations of $4,853,000 compared to $7,272,000 a year ago. Net loss and comprehensive loss was $23,357,000 compared to $7,276,000 a year ago. Net loss per share, basic and diluted was $0.70 compared to $0.22 a year ago. Net cash used for operating activities was $4,962,000 compared to $6,649,000 a year ago. Purchases of property and equipment were $281,000 compared to $216,000 a year ago.

REVA Medical, Inc. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015

REVA Medical, Inc. reported consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the period, the company's net operating cash outflows was $4,961,000. Payment for acquisition of physical non-current assets was $282,000.

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