Nanosonics Surges 13% After FDA Approval for CORIS System

Thu 20 Mar 25, 02:21 AM | Team Kalkine

Shares of Australian infection prevention company Nanosonics Ltd (ASX:NAN) soared 13% on Thursday, reaching a 52-week high of AU$4.95. The surge comes after the company announced a major milestone: U.S. Food and Drug Administration (FDA) De Novo clearance for its CORIS system, a groundbreaking cleaning technology for flexible endoscopes.

Nanosonics’ new CORIS system addresses a critical issue in medical device reprocessing—effectively cleaning flexible endoscopes, which are widely used in procedures like colonoscopies. These instruments are notoriously difficult to clean, particularly their internal channels, which can harbor dangerous biofilm buildup.

With FDA clearance, Nanosonics is now set to launch CORIS in the U.S., marking a major expansion beyond its flagship trophon device, which revolutionised ultrasound probe disinfection and drove the company’s revenue growth over the past decade.

CEO Michael Kavanagh called the approval a “key milestone”, paving the way for commercial rollout and reinforcing Nanosonics’ position as a leader in infection prevention technology.

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