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Lombard Medical Technologies Plc
Lombard Medical Technologies PLC (LMT) discovers, develops, assembles and markets innovative cardiovascular devices with a particular focus in the areas of stent-graft, stapling systems and polymer coatings for implantable medical devices.
Clinical Procedures recommenced; Good news
- Refix™ Endostapler now CE marked
- Distribution and licensing deal with Medtronic worth up to US$8m
- Design of US Aorfix trial changed and speeded up
- Fair value of 47p vs current 34p, with significant newsflow expected
Lombard Medical; well placed to grow
- Unique product in a growing market, endorsed by medical community
- Strong pipeline of products
- Profitability expected in 2009
- Fair value/share 89p vs current 77p
