Carmat (FRA:CXT)
€ 1.342 -0.006 (-0.45%) Market Cap: 57.56 Mil Enterprise Value: 104.64 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 27/100

Carmat SA 2023 Achievements and 2024 Outlook Call Transcript

Jan 17, 2024 / 07:00PM GMT
Release Date Price: €5.04 (-4.20%)
StÃ;phane Piat Carmat SA;CEO

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Hi. Good morning. Good evening to everybody, and welcome to the business update and outlook about CARMAT tonight.

So the speakers altogether with me tonight are Dr. Anne-Céline Martin, working in Pompidou in Paris. She's a cardiologist. We have Pascale d'Arbonneau on my left, who's our Chief Financial Officer. We have Dr. Piet Jansen, our Chief Medical Officer; and Francesco Arecchi, the Director of Global Market Development.

So let's get started. So first, I will begin with the CARMAT 2023 achievements. So as a reminder, our mission is really a new way to solve the advanced heart failure transplant and destination therapy crisis. A very quick reminder, as you all know, between US and Europe, there is a need yearly of 200,000 transplant. And fortunately, they are much lesser implants organs available a year, around 6,000, 7,000. So only 3% of patients needing a treatment will be treated then most of the rest will die within a year.

So very quickly, the journey of CARMAT. So the company was born in 2008, and we've been

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