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reva medical inc - cdi (RV9C) Details

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 Medical, Inc. in March 2002. REVA Medical, Inc. was founded in 1998 and is headquartered in San Diego, California.

81 Employees
Last Reported Date: 03/17/14
Founded in 1998

reva medical inc - cdi (RV9C) Top Compensated Officers

Co-founder, Chairman and Chief Executive Offi...
Total Annual Compensation: $359.7K
President and Chief Operating Officer
Total Annual Compensation: $340.8K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $275.2K
Senior Vice President of Clinical & Regulator...
Total Annual Compensation: $260.9K
Senior Vice President of Product Development
Total Annual Compensation: $254.0K
Compensation as of Fiscal Year 2013.

reva medical inc - cdi (RV9C) Key Developments

REVA Medical, Inc. - Special Call

To discuss the company's decision to fast-track the development of its 'thin-strut' fully bioresorbable scaffold family, Fantom(TM)

REVA Medical, Inc. to Focus on Breakthrough Scaffold: Fantom

REVA Medical, Inc. announced that it has positioned the company to fast-track the development of its "thin-strut" fully bioresorbable scaffold family, Fantom. The Fantom scaffold is made from a single piece of REVA's proprietary high performance desaminotyrosine polycarbonate polymer. Fantom is both less complex to manufacture and results in coronary scaffolds that are smaller and stronger than REVA's current ReZolve platform. Fantom is intended to halve the strut thickness of ReZolve without a decrease in radial strength. Thinner scaffold dimensions greatly improve deliverability and healing response, each of which can help to ensure broader adoption. Fantom maintains REVA's unique attributes of x-ray visibility and a single inflation to expand the device, features the Company believes competitive polymer scaffolds do not offer. Early bench tests and preclinical results of Fantom have demonstrated the substantial performance benefits of this product. The first human implants of the Fantom scaffold are planned to occur by the end of 2014, with commercialization targeted for mid-2016. As part of the plan to accelerate Fantom, REVA will cease expending further resources on ReZolve, other than to follow patients in the RESTORE CE Mark trial. Doing so allows the Company to focus all resources on preparing Fantom for human studies to begin by the end of this year. The Company has effected a significant reduction of personnel, eliminated ReZolve manufacturing overhead and reduced other costs not essential to the development and production of Fantom.

REVA Medical, Inc. Auditor Raises 'Going Concern' Doubt

REVA Medical, Inc. filed its 10-K on Mar 17, 2014 for the period ending Dec 31, 2013. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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