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Quarterly Review

4Q13/2013 Revenue: TiGenix

4Q13 ChondroCelect revenue: €1.2MM (~US $1.6MM), +38%


2013 revenue: ~$5.9MM, +25%

  • 90% of sales attributed to Belgium, the Netherlands
  • Obtained reimbursement in Spain, but was declined in France
  • Growth acceleration expected for 2014 with increasing contribution of sales in U.K. and Spain