Medical equipment industry
MedAmicus, Inc. (Nasdaq: MEDM) has announced a significant partnership with NICOLAI, a German medical products distribution company, granting NICOLAI exclusive distribution rights in Germany to MedAmicus' innovative LUMAX Fiber Optic Stand-alone Cystometry System. The agreement, which commenced on January 1, 1995, will run for five years, during which NICOLAI
Medical equipment industry
CYTOGEN Corporation has reported a decrease in operating expenses by 16% in 1994 and reaffirmed its commitment to reducing and controlling spending in 1995. The company's financial results for 1994, highlighted by a decrease in total revenues to $2.5 million compared to $10.4 million in 1993,
Medical equipment industry
CIMA Labs Inc., a drug delivery company founded in 1987, has completed the manufacturing facility for its OraSolv(R) technology-based products. The 75,000 square foot facility, located in Eden Prairie, Minnesota, has an initial production capacity of 400 million tablets per year and can be expanded to six production
Medical equipment industry
Target Therapeutics, Inc., a medical device company, announced its financial results for the third quarter of fiscal 1995. The company reported a 33% increase in revenues to $12,479,000 in the third quarter of fiscal 1995 compared to $9,356,000 in the third quarter of fiscal 1994. The
Medical equipment industry
Isolyser Company, a leading provider of medical waste management solutions, has made a significant breakthrough in its line of Liquid Treatment System (LTS) products. The company has received a formal notice of allowance from the U.S. Patent and Trademark Office for its composition of matter patent, which covers the
Medical equipment industry
SangStat, a biopharmaceutical company, announced that it had commenced volume manufacturing of its TRANSTAT technology, a rapid cartridge-based testing system for haemostasis and coagulation testing. The company has licensed the rights to its TRANSTAT product technology to Diagnostica Stago S.A., a leading European manufacturer of diagnostic products, for exclusive
Medical equipment industry
ChemTrak Inc. reported a fourth quarter 1994 net loss of $908,000, or 10 cents loss per share, on total revenues of $2,187,000. The company's product sales for the quarter totaled $1,917,000, a significant improvement over the 1993 fourth quarter, which saw a net
Medical equipment industry
Boston Scientific Corporation, a worldwide developer, manufacturer, and marketer of medical devices, and Cardiovascular Imaging Systems, Inc., a developer, manufacturer, and marketer of intravascular ultrasound imaging catheters and systems, recently announced a merger that would enable them to accelerate the development of new, improved, and lower-cost ultrasound imaging devices. However,
Medical equipment industry
Imex Medical Systems, a leading provider of innovative medical products, announced its second quarter sales and earnings results, showcasing a significant increase in revenue compared to the same period last year. Despite a net loss of $130,248, the company's sales have demonstrated a positive trend, driven by
Medical equipment industry
Genzyme Corp., a leading biotechnology company, has consolidated the name of its German subsidiary, Virotech System-Diagnostika GmbH, creating Genzyme Virotech GmbH. This change is effective immediately. The combined entity aims to leverage complementary strengths and expand its presence in Germany and Europe. Peter Kessler, managing director of Genzyme Virotech, emphasized
Medical equipment industry
Biomerica, a medical company based in Newport Beach, California, has won a bid to supply its Neo-natal TSH diagnostic test product to the country of Costa Rica. The test is crucial for detecting congenital hypothyroidism in newborns, which can result in irreversible neurological and mental deficiency if left undetected. Biomerica&
Pharmaceutical industry
The United States Surgical Corporation faced a turbulent day on the stock market yesterday, with its shares plummeting 21 percent after posting losses for the last nine months of 1993 and losing a patent infringement lawsuit against competitor Johnson & Johnson. The company, which produces miniature surgical instruments inserted through
