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Deltex Medical
Deltex Medical Group Plc (Deltex Medical) is a medical technology company focused on the development, assembling and marketing of a minimally invasive, real-time cardiac function monitoring system, which uses Doppler (ultrasound) technology.
Progress in line with expectations
Sales up in all territories
Manufacturing capacity expanded
Profitability in line for 2010
Continuing to hit key milestones
Wide reimbursement granted for CardioQ in the US
CardioQ now standard for colorectal surgery at UCL and Guys and St. Thomas’
11 Spanish hospitals reviewing CardioQ, results expected H2
Fair value 39p per share vs current price 19.5p
Still moving forward
Sales significantly up in all territories
CardioQ received broad US reimbursement coverage
Growing recognition for reducing costs and improving surgery outcomes
US reimbursement granted
Reimbursement granted for CardioQ in the US
Coverage is broad and of unprecedented scale
Probe consumption increased significantly in US
Deltex's forecasts upgraded; fair value now 39p a share vs current 29p
Deltex; Oesophageal Doppler Monitoring recommended for reimbursement coverage in US
Since the beginning of this year Deltex Medical has posted a continuous stream of positive news. This was further evidenced yesterday with an announcement that the CMS (The Centers for Medicare and Medicaid Services) in the US is reconsidering the national coverage status of CardioQ.
