Silk Road Medical Provides COVID-19 Pandemic Update
- Protecting the health and wellbeing of employees and others: In line with recommendations from federal and local government and healthcare agencies,
Silk Road Medicalhas transitioned employees, except for those deemed essential to key aspects of the business, to a remote work environment. The Company has also made cash and personal protective equipment donations to local and national organizations including Santa Clara countyhospitals.
- Supporting our customers and the patients they serve:
Silk Road Medicalrecognizes the importance of minimizing the spread of the virus while also maintaining essential functions to support the care of patients with carotid artery disease requiring urgent treatment. Our field-based team continues to be available to support TCAR procedures, either in person or virtually.
- Preserving financial flexibility: Until we have more clarity on the scope and duration of the impact from the COVID-19 outbreak,
Silk Road Medicalhas taken preemptive steps to curtail near-term spending, including delaying previously contemplated executive salary increases and reducing non-essential sales, general, and administrative expenses.
“On behalf of our entire company, I would like to thank the medical community for all they are doing to care for those who are ill and for the many personal sacrifices they must endure. As we navigate this evolving time of unprecedented uncertainty, our top priorities are supporting our customers and protecting the health and well-being of the
Update on 2020 Financial Guidance
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These statements include the impact of COVID-19 on our business. Such statements are based on current assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties, many of which are beyond our control, include risks described in the section entitled Risk Factors and elsewhere in Silk Road Medical’s Form 10-K filing made with the
Source: Silk Road Medical