December 25, 2014 8:44 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 development and commercialization of proprietary bioresorbable stent products. The company is developing and testing a bioresorbable stent to treat vascular disease in humans. Its products include ReZolve scaffold, a drug-eluting fully bioresorbable polymer stent to degrade and clear from the body. The company is also developing ReZolve2 scaffold, a drug-eluting fully bioresorbable polymer stent that is implanted using a balloon catheter to provide X-ray visibility, clinically relevant sizing, and a controlled and safe resorption rate. The company was formerly known as MD3, Inc. and changed its name to REVA Medica...

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
Age: 60
Total Annual Compensation: $359.7K
President and Chief Operating Officer
Age: 57
Total Annual Compensation: $340.8K
Chief Financial Officer
Age: 55
Total Annual Compensation: $275.2K
Senior Vice President of Clinical & Regulatory Affairs
Age: 47
Total Annual Compensation: $260.9K
Senior Vice President of Product Development
Age: 54
Total Annual Compensation: $254.0K
Compensation as of Fiscal Year 2013.

REVA Medical, Inc. Key Developments

REVA Medical, Inc. Announces Auditors Changes

REVA Medical, Inc. advised that it has appointed Grant Thornton LLP as the company's independent registered public accounting firm for its fiscal year ending December 31, 2014. Grant Thornton replaces Ernst & Young LLP in this capacity and the appointment is effective December 19, 2014.

REVA Medical, Inc. Announces Change in Registered Office Address

­REVA Medical, Inc. has changed its Australian registered office address to c/o Buchan Pty. Ltd., Suite 4, Level 14, 6 O'Connell Street, Sydney, NSW 2000. The company's US registered office address remains unchanged. The company has also changed its local agent from Inteq Limited to Buchan with effect from December 5, 2014.

REVA Medical, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

REVA Medical, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's loss from operations was $4,446,000 compared to $7,182,000 for the same period of last year. Net loss attributable to common stockholders was $4,397,000 compared to $7,191,000 for the same period of last year. Net loss per share, basic and diluted was $0.13 compared to $0.22 for the same period of last year. For the nine months, the company's loss from operations was $16,550,000 compared to $20,191,000 for the same period of last year. Net loss attributable to common stockholders was $16,506,000 compared to $20,169,000 for the same period of last year. Net loss per share, basic and diluted was $0.49 compared to $0.61 for the same period of last year. Net cash used for operating activities was $14,120,000 compared to $15,762,000 for the same period of last year. Purchases of property and equipment were $383,000 compared to $1,824,000 for the same period of last year.

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