SAN DIEGO, May 13, 2013 (GLOBE NEWSWIRE) -- REVA Medical, Inc. (ASX:RVA) ("REVA" or the "Company") is pleased to announce that Michel Vanbrabant has been appointed Managing Director International for the Company. In this role, he will be responsible for commercial planning activities leading up to the launch of REVA's drug-eluting bioresorbable coronary scaffold in international markets, which is anticipated to occur toward the end of 2014. He will be based in Brussels, Belgium.
Mr. Vanbrabant has extensive experience commercializing medical devices internationally. He spent more than ten years at Guidant Corporation (now Abbott Laboratories) where he began as a sales representative for Vascular Intervention and held increasing roles of responsibility in sales, marketing, and management before becoming Vascular Intervention Country Manager for France. He then joined St. Jude Medical Corporation as Marketing Director for the Cardiology Division, responsible for Europe, the Middle East, Asia and Canada ("EMEAC") before being appointed Senior Director for the Neuromodulation Division, EMEAC. Mr. Vanbrabant most recently served as Vice President of Sales & Marketing Europe for PneumRx, Inc., a privately held early stage company, where he led the successful commercial launch of PneumRx's minimally invasive implants for patients suffering from emphysema.
"We are extremely pleased to have attracted such an exceptional individual as Michel to assist REVA with establishing the foundation for commercial sales of REVA's bioresorbable scaffold in international markets," commented Bob Stockman, REVA's Chairman and Chief Executive Officer. "As we move toward European CE Marking, Michel will work with our executive team to formulate the detailed commercial plans for our scaffold , with specific focus on sales, distribution, and reimbursement. We look forward to introducing Michel to our clinical and industry associates at the EuroPCR being held in Paris, France, May 21 st through 24 th."About REVA REVA is a development stage medical device company incorporated in Delaware, USA, that is focused on the development and eventual commercialization of its proprietary bioresorbable stent products. The ReZolve ® product family, which is in a clinical study phase, combines REVA's proprietary stent design with a proprietary polymer that is metabolized and cleared from the body. REVA's anticipated commercial product, the ReZolve2 scaffold, is designed to offer full x-ray visibility, clinically relevant sizing, and a controlled and safe resorption rate. In addition, by early encapsulation of the stent in the artery tissue coupled with the loss of scaffold structure over time, the ReZolve2 scaffold may reduce the incidence of late forming blood clots or otherwise reduce long-term disease progression, potential benefits of bioresorbable scaffolds that have yet to be proven. REVA will require clinical results and regulatory approval before it can begin selling the ReZolve2 scaffold. Forward-Looking Statements This announcement contains or may contain forward-looking statements that are based on management's beliefs, assumptions and expectations and on information currently available to management. All statements that are not statements of historical fact, including those statements that address future operating performance and events or developments that we expect or anticipate will occur in the future, are forward-looking statements, such as those statements regarding our ability to obtain the regulatory approvals required to market our ReZolve Ò scaffold, our ability to timely and successfully complete our clinical trials, our ability to protect our intellectual property position, our ability to commercialize our products if and when approved, our ability to develop and commercialize new products, and our estimates regarding our capital requirements and financial performance, including profitability. You should not place undue reliance on these forward-looking statements. Although management believes these forward-looking statements are reasonable as and when made, forward-looking statements are subject to a number of risks and uncertainties that may cause our actual results to vary materially from those expressed in the forward-looking statements, which risks and uncertainties are described in the "Risk Factors" section of our Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (the "SEC") on February 27, 2013. Any forward-looking statements in this announcement speak only as of the date when made. REVA does not assume any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
CONTACT: United States Investor and Media Enquiries: Cheryl Liberatore Director, Investor Relations and Marketing REVA Medical, Inc. +1 858 966-3045 Australia Investor Enquiries: Kim Jacobs Inteq Limited +61 2 9231 3322 Media Enquiries: Haley Price or Rebecca Wilson Buchan Consulting +61 3 9866 4722