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Bioretec Adjusts Financial Goals and Withdrawal of Targets

In a significant move, Bioretec Ltd has publicly announced a revision to its financial targets and a reassessment of its overall commercialization strategy. As of October 27, 2025, the company has deemed its original financial objectives unattainable, particularly regarding the sale expectations tied to its innovative DrillPin product.

On September 12, 2025, Bioretec initially communicated a revised timeline for the commercialization of the DrillPin in the U.S. market; however, it was indicated that this would not substantially affect the targets they had laid out in previous financial announcements. These expectations were set forth on October 4, 2024, where the company projected reaching net sales of EUR 65 million by the end of 2028. Following thorough analyses by the Board of Directors, it became clear that various factors—including extended timelines related to FDA approvals and the company’s current financing requirements—necessitated a restructuring of their targets.

The Board assessed that their ambitious goal of achieving net sales of EUR 65 million by 2028 and exceeding EUR 100 million by the end of 2030 in light of the current market dynamics could not be met as initially planned. The company intends to provide a detailed update regarding its commercialization strategy and revised financial goals by the end of 2025.

In their re-evaluation, Bioretec has reiterated that the addressable market for its products remains consistent, suggesting a potential for future success despite these setbacks. What caused these revisions primarily relates to the market’s regulatory landscape and Bioretec’s operational adjustments to meet evolving demands.

The previous targets included:

• - Net Sales of EUR 65 million by the end of 2028
• - Net Sales exceeding EUR 100 million by the end of 2030
• - Positive cash flow from operating activities expected by the end of 2027

However, with the Board's current outlook, these goals have been officially withdrawn. Bioretec emphasized its commitment to transparency and aims to keep stakeholders informed with updates as the situation develops. They are expected to unveil a revised commercialization strategy as well as updated financial targets, adapting to the current challenges they face.

Bioretec is recognized for its pioneering role in the field of orthopedic care, particularly through its commitment to biodegradable implant technologies. Its flagship product line, Activa, features fully bioabsorbable orthopedic implants that are designed to enhance bone growth and support fracture healing. These implants have successfully entered the markets across approximately 40 countries worldwide.

Notably, the introduction of the RemeOs™ product line, which is based on a hybrid composite and magnesium alloy, showcases Bioretec’s innovative edge in developing next-generation surgical solutions. This product line aims to offer enhanced surgical outcomes by facilitating quicker healing processes, thereby eliminating the necessity for invasive removal surgeries. Regulatory approvals for RemeOs have oscillated globally, with the U.S. market receiving authorization as of March 2023, and the CE mark for Europe in January 2025.

The company is steadfast in its endeavor to transform orthopedic solutions and deliver products that provide significant advantages for patients. As Bioretec navigates these strategic shifts, the industry watches closely, hoping for a reinvigorated trajectory in achieving its ambitious vision of a more effective, patient-friendly orthopedic treatment landscape.

To learn more about Bioretec and its innovations in orthopedic care, visit Bioretec's official website.