France based EDAP has announced 510k approval for it’s new lithotripsy device. Marc Oczachowski, EDAP’s Chief Executive Officer, said, “We are very pleased that the U.S. FDA has granted 510(k) approval for Sonolith I-Sys, which marks a clear milestone for EDAP, further validates our technology and supports our objective to expand the Sonolith I-Sys into [...]
Archive | August, 2009
France Medical Market Update – Winners And Losers
The medical durables business in France continues to suffer with recently acquired Corona (operation of Paramount in Japan) announcing a plant closure, with production moving to China. This in contrast to medical device manufacturers Urgo in the Burgundy region and Vygon that have announced good results and resultant investment programs.
Invacare Sues Drive Medical For Patent Infringement
Invacare is seeking injunctive relief and suing Drive Medical for alleged patent infringement related to it’s bed products as well as it’s rollator. Invacare had previously announced in one of it’s presentations that it would be focussing more on protecting it’s intellectual property and this action may well partially stem from this. As more and [...]
Invacare Stock +31% YTD – US Homecare Market Turnaround
With Invacare shares trading at the psychological level above $20 for the first time (in a long time), far out performing the S&P 500, you have to ask whether the base US homecare market is in turnaround mode (despite competitive bidding, Chinese direct market entrants etc) – or is it just Invacare’s perseverant ability in [...]
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