An emerging global leader in cancer treatment
Sirtex Medical Limited is an Australian company with an approved cancer treatment supplied globally. Sirtex's main commercialized product is a targeted radioactive treatment for liver cancer called SIR-Spheres® Y-90 resin microspheres.
Approximately 73,000 doses of SIR-Spheres Y-90 resin microspheres have been supplied to treat liver cancer patients in over 1000 medical centers in over 40 countries.
This product has PMA approval from the U.S. Food & Drug Administration (FDA), the European Union (CE Mark) and Australia's Therapeutic Goods Administration (TGA).
Sirtex has manufacturing capabilities in the U.S., Singapore and Germany.
SIR-Spheres Y-90 resin microspheres dose sales currently represent approximately two per cent of the total addressable market.
What are SIR-Spheres Y-90 resin microspheres and how are they used?
SIR-Spheres Y-90 resin microspheres are used to deliver targeted internal radiation therapy directly to liver tumors via the hepatic artery.
This therapy is called Selective Internal Radiation Therapy (SIRT) and is performed using minimally invasive surgical techniques by an interventional radiologist.
Where SIR-Spheres Y-90 resin microspheres are used, the available clinical evidence suggests SIR-Spheres Y-90 resin microspheres may approximately double the rate of tumor shrinkage and tumor remission.
The evidence also suggests it may be capable of improving the life expectancy of patients.
2016 Full year financial and operating highlights
- 12 consecutive years of growth
- Record dose sales of 11,931, up 16.4 per cent
- Record revenues of $232.5 million, up 32.0 per cent
- Net profit after tax of $53.6 million, up 32.8 per cent
- Cash balance of $107.0 million, up 44.7 per cent and no debt
- Earnings per share of 93.7 cents, up 31.3 per cent
- Dividend Per share of 30.0 cents, up 50.0 per cent