Thursday, February 27, 2020 12:33:30 PM
Entire market getting killed with this virus scare.
2019 results were down, as we knew they'd be.
Key Accomplishments in 2019:
Opened the first Obalon-managed retail treatment center in San Diego
Commercialized Obalon Navigation System and Obalon Touch Inflation Dispenser
Streamlined operations and spend to support new commercial strategy
Repaid all outstanding long-term debt
Promoted Bill Plovanic from Chief Financial Officer to President and Chief Executive Officer
Appointed Bob MacDonald as Chief Retail Officer to establish and grow our network of Obalon Centers for Weight Loss facilities
Promoted Nooshin Hussainy from Vice President of Finance to Chief Financial Officer
Engaged Helmuth T. Billy, MD as Medical Director for Company-managed California retail treatment centers
Entered into one-year distribution agreement with distributor for Qatar
Announced clinical data presentation at ASMBS annual meeting at Obesity Week 2019 demonstrating clinically meaningful weight loss for patients treated with the Obalon Balloon System with no serious adverse events reported
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