RUA have released a precautionary announcement noting a minor delay to the 510k submission for its large bore vascular graft. This was almost certainly due to the handling of the batch of un-implanted grafts, and we share RUA’s frustration with the resulting delay. Since we had not yet updated our valuation for a June 2021 510k submission, our fair value remains unchanged.
25 Jun 2021
Minor bump in the road to 510k submission
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Minor bump in the road to 510k submission
RUA Life Sciences Plc (RUA:LON) | 10.5 0 (-2.3%) | Mkt Cap: 6.52m
- Published:
25 Jun 2021 -
Author:
Hannah Crowe | Andy Smith -
Pages:
4
RUA have released a precautionary announcement noting a minor delay to the 510k submission for its large bore vascular graft. This was almost certainly due to the handling of the batch of un-implanted grafts, and we share RUA’s frustration with the resulting delay. Since we had not yet updated our valuation for a June 2021 510k submission, our fair value remains unchanged.