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Clarification of news about two LS™ contract signed in Spain

XVIVO Perfusion (the Company) announced earlier today at the Company's website the news that two LS™ contracts was concluded in Spain, which were the first two LS™ contracts XVIVO Perfusion signed and the first lung evaluation machines (EVLP machines named LS™ and XPS™) to Spain.

XVIVO Perfusion clarifies that according to the Company's business model, the pricing strategy for capital goods, which are EVLP machines named LS ™ and XPS ™, is designed to allow the sale of capital goods to not have a significant financial impact on the company. According to the company's pricing strategy the future sales using the EVLP machines through sales of STEEN Solution ™ and related disposables is of financial importance for the Company.

As the number of clinics that perform lung transplants in Europe are only around 80, the deployment of EVLP machines is of significant importance because the sale of EVLP machines is a prerequisite for the company to monetize the use of these machines. In addition, these EVLP machines are the first to Spain, which carries a high proportion (13 percent in 2014 according GODT) of the total number of lung transplants in Europe. 

October 27, 2016
Gothenburg
XVIVO Perfusion AB (publ)

For further information please contact:

Christoffer Rosenblad, CFO, +1 720 616 2101, christoffer.rosenblad@xvivoperfusion.com
Magnus Nilsson, CEO, +46 31 788 2150, magnus.nilsson@xvivoperfusion.com

For further information on XVIVO Perfusion’s business, please refer to the company’s website, www.xvivoperfusion.com

This information is information that Xvivo Perfusion AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 5:15 p.m CET on October 27, 2016.

This is a translation of the Swedish version of the press release. When in doubt, the Swedish wording prevails.

About us

Founded in 1998, XVIVO is the only medical technology company dedicated to extending the life of all major organs so transplant teams around the world can save more lives.
Our solutions allow leading clinicians and researchers to push the boundaries of transplantation medicine.
XVIVO is headquartered in Gothenburg, Sweden, and has offices and research sites on three continents. The company is listed on Nasdaq.

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Swedish Office
XVIVO Perfusion AB
Box 53015
SE-400 14 Göteborg
Sweden

Phone: +46 31 788 21 50
Fax: +46 31 788 21 69
info@xvivogroup.com

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