Neovasc Inc (NASDAQ:NVCN) has moved ahead to unveil its fourth quarter and year-end financial results. One thing that is coming out clearly from the results is the fact that 2017 was indeed an outstanding year for it.
Neovasc’s Chief Executive Officer Fred Colen when walking out of a business conference was approached by several journalists who wanted him to crack up regarding the most recent development.
He disclosed that he had been working for the company for relatively a long period of time. In the course of his stay, he has been making evaluations of the company’s clinical and commercial activities. Asides from that, he has also engaged in the evaluation of the organizational and financial matters regarding the company.
He delved deeper into the matter to outline that with the passage of time they were making a series of adjustments to the various programs. The company sees it as a good thing embarking on the implementation of a broader turnaround strategy.
It is the sort of strategy that will most probably see it through in its quest to deliver high value for its large number of employees, shareholders, customers and patients as well.
Basically, it will be about taking over the market with the company’s innovative products and it is worth noting that all this changes are being witnessed at a time when business dynamics tend to be shifting quite fast. Most of the businesses are struggling to maintain their business equilibrium and analysts are proposing that there is need to channel much more efforts into business strategy.
It is never a straight path for any company and Neovasc hasn’t been spared either since it has had its fair share of challenges as well. However, the company’s top-notch and promising products inspire much hope for the future. That together with the determination showcased its team will doing much in pushing the company towards the achievement of long-term success.
Another official working with the company has said that they are pleased with the 50 Tiara implants results and they continue hoping for a better tomorrow.