Establishment Labs Holdings Inc. (Nasdaq: ESTA), a global medical technology company dedicated to improving women’s health and wellness, principally in breast aesthetics and reconstruction, today announced it has entered into agreements with four partners in Europe and a second partner chain in Japan for Mia Femtech™ (“Mia®”).
“Our global rollout of Mia Femtech continues, and we are pleased to announce our first European partners in Sweden, Switzerland, and Spain, as well as an additional chain in Japan,” said Juan José Chacón-Quirós, Founder and Chief Executive Officer. “We expect to partner with many more centers with a focus on creating premium experiences with broad appeal. Mia is opening breast aesthetics to a new group of consumers and the strong interest in partnering with us demonstrates the potential of Mia to dramatically expand our markets. We look forward to many more announcements on Mia over the coming weeks and months.”
In Stockholm, Sweden, Establishment Labs is partnering with Nordiska Kliniken, one of Scandinavia’s leading clinics in plastic surgery and aesthetic treatments. In Switzerland, the Company is working with Leman Aesthetic Clinic in Geneva and Clinic Utoquai in Zurich, which are both internationally recognized and well-established leaders in aesthetics. In Barcelona, Spain, Clínica Planas is well-known as a provider of premium services and outcomes in plastic surgery. Joe Clinic is a high-end medical aesthetics chain in Japan that will begin initially by offering Mia at its Tokyo and Osaka locations.
“Mia Femtech will define a new premium aesthetic category with great potential for expanding the market,” said Javier Planas, CEO of Clínica Planas. “Clínica Planas has been a pioneer in aesthetics since 1971, and we are excited to once again be at the forefront of innovation and excellence.”
“As leaders in plastic surgery, we are proud to introduce Mia Femtech as the coming evolution in breast aesthetics. Building Nordiska Kliniken has always been about innovating and this is the next natural step in our journey of being market leaders,” said Sam Besara, CEO of Nordiska Kliniken.
Mia Femtech is Establishment Labs’ breakthrough minimally invasive breast aesthetics experience. The patented technologies used with Mia can shape the breast up 1 to 2 cups in a 15-minute procedure without the need for general anesthesia.
Mia Femtech is not yet commercially available in the European Union and the United States.
About Establishment Labs
Establishment Labs Holdings Inc. is a global medical technology company dedicated to improving women’s health and wellness through the power of science, engineering, and technology. The Company offers a portfolio of Femtech solutions for breast health, breast aesthetics and breast reconstruction. The over 2.5 million Motiva® devices Establishment Labs has delivered to plastic and reconstructive surgeons since 2010 have created a new standard for safety and patient satisfaction in the over 85 countries in which they are available. The Motiva Flora® tissue expander is the only regulatory-approved expander in the world with an integrated port that is MRI conditional and is used to improve outcomes in breast reconstruction following breast cancer. Mia Femtech™, Establishment Lab’s unique minimally invasive experience for breast harmony, is the Company’s most recent breakthrough innovation. These solutions are supported by over 200 patent applications in 25 separate patent families worldwide and over 50 scientific studies and publications in peer reviewed journals. Establishment Labs manufactures at two facilities in Costa Rica compliant with all applicable regulatory standards under ISO13485:2016 and FDA 21 CFR 820 under the MDSAP program. In 2018, the Company received an investigational device exemption (IDE) from the FDA for Motiva Implants® and began a clinical trial to support regulatory approval in the United States. Please visit our website for additional information at www.establishmentlabs.com.
Forward-Looking Statements
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Contacts
Investor/Media Contact:
Raj Denhoy
415-828-1044
rdenhoy@establishmentlabs.com
