April 25, 2018 1:23 PM ET

Healthcare Equipment and Supplies

Company Overview of REVA Medical, Inc.

Company Overview

REVA Medical, Inc., a medical device company, focuses on the development and commercialization of polymer-based bioresorbable products for vascular applications. The company offers Fantom, a sirolimus-eluting bioresorbable scaffold to treat coronary artery disease in humans. 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

50 Employees

Phone:

858-966-3000

Fax:

858-966-3099

Key Executives for REVA Medical, Inc.

CEO & Director
Age: 59
Total Annual Compensation: $395.0K
Senior Vice President of Operations
Age: 55
Total Annual Compensation: $230.8K
Senior Vice President of Clinical & Regulatory Affairs
Age: 50
Total Annual Compensation: $283.0K
Compensation as of Fiscal Year 2016.

REVA Medical, Inc. Key Developments

REVA Medical, Inc. Announces Commercial Distribution Partnership in Turkey with Kardionet Healthcare and Foreign Trading, Ltd

REVA Medical, Inc. announced that it will initiate commercial operations in the Republic of Turkey working in partnership with Kardionet HealthCare and Foreign Trading Ltd. (“Kardionet”). This partnership is REVA’s first commercial distribution agreement in the Europe and Middle East region, building on direct-selling commercial efforts underway in Europe. Under the terms of the agreement, Kardionet will be REVA’s distribution partner for the Fantom and Fantom Encore bioresorbable scaffolds in the Republic of Turkey. Kardionet will be responsible for all sales, marketing, customer training, and support.

REVA Medical, Inc. Announces Resignation of R. Scott Huennekens as Member of the Board

REVA Medical, Inc. announced that on March 22, 2018, R. Scott Huennekens, who is a Class II member of the board of directors of the company and whose three-year term is expiring at the company's 2018 annual meeting, informed the company that he does not intend to stand for re-election at the 2018 annual meeting due to his other time commitments. Mr. Huennekens' decision to resign was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.

REVA Medical, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017

REVA Medical, Inc. reported unaudited consolidated earnings results for the fourth quarter ended December 31, 2017. For the quarter, the company reported revenue of $28,000. Loss from operations was $5,434,000 compared to $6,119,000 a year ago. Net income was $160,000 or $0.10 per diluted share compared to $15,198,000 or $0.11 per diluted share a year ago. For the year, the company reported revenue of $45,000. Loss from operations was $21,329,000 compared to $26,780,000 a year ago. Net income was $7,134,000 compared to loss of $54,098,000 a year ago. Diluted net loss per share was $0.40 against $1.28 a year ago.

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