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Wednesday, January 29, 2020

Cytosorbents up 23% premarket on expanded use of CytoSorb in Europe

Thinly traded micro cap Cytosorbents (NASDAQ:CTSO) is up 23% premarket on modestly higher volume in reaction to its announcement that its blood purification device CytoSorb is now approved in the EU for the removal of anti-platelet agent ticagrelor (AstraZeneca’s Brilinta, Brilique) during surgery requiring cardiopulmonary bypass.
CytoSorb accounts for virtually all of the company’s revenues (~$5.6M in Q3 2019).
https://seekingalpha.com/news/3535664-cytosorbents-up-23-premarket-on-expanded-use-of-cytosorb-in-europe

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