CytoSorbents is commercializing its E.U. approved CytoSorb blood purification technology to treat life-threatening conditions in the intensive care unit and cardiac surgery. First half 2024 product sales improved 12% from last year while product gross margins rose to 75%. The company also seeks U.S. and Canadian approval of a second product, DrugSorb-ATR, to reduce perioperative bleeding risk in patients on blood thinners during cardiac surgery. Based on the results of its pivotal U.S. and Canadian STAR-T trial, the company plans to submit for FDA De Novo and Health Canada marketing approvals in Q3 2024.
