This significant decrease is attributable to the termination of the sale of the fibrin sealant Hemaseel APR in November 2003.
This decrease was attributable to a declining sale price of Hemaseel APR and the absence of commission revenues from the sale of Gelfoam.
This decrease is mainly due to the decrease in trade accounts receivable and inventories, as a result of the termination of the sale of Hemaseel APR, and to the decrease in other receivables resulting from the cashing in November 2003 and January 2004 of amounts to be received from Baxter Healthcare S.A.
HemaSeel APR is approved as an adjunct to hemostasis in surgeries involving cardiopulmonary bypass and treatment of splenic injuries.
"Our competitors offer either a hemostatic agent or a sealing agent, but HemaSeel APR provides both these advantages, making it a more cost-effective and universal tool in the hands of the surgeons," Mr.
In the two years since the introduction of HemaSeel APR, the company has launched more than 10 applicators and tips.
Hemaseel APR consists of two blood proteins, fibrinogen and thrombin, which form a mesh-like structure when mixed.
"Multiple hospitals and surgeons have used Hemaseel APR for trauma surgery, cardiopulmonary surgery and other indications," says Paquin.
This facility separates plasma proteins necessary for the production of Hemaseel APR and HMN.
The Hemaseel APR
Kit, described in this brochure, is the first heat treated ready-to-mix fibrin sealant, processed to reduce viral risk.
Haemacure's HEMASEEL APR
Kit is a two-component heat treated ready-to-mix fibrin sealant processed to reduce viral risk and offer a new level of component consistency and viral safety.