I think it does look better than last year, a lot, but as always we just move onto the next worry. Last year was can they can CE mark and now it is can they sell it? For me the jury is out on the new team until we see some sales rolling in but with no risk there's no reward. However, I am of one hand heartened that there has been a trickle of buys but disappointed that such momentous news hasn't had a big effect on apparent interest. The CEO should focus on selling the product the CFO should focus on getting the share price up. Also, CE mark and some sales is the usual point that the big players come sniffing around. So if they can get some traction and have enough money (another constant worry). Then things could look good in the next 12 months.
Launch this wk
Im sure the good doctor will give a first rate presentation of proxima and Sphere gets lots of positive feedback.Go back a year it didnt look half so promising did it?.Onwards and upward.
Proxima launch this week.....
Proxima launched today and tomorrow......:-) Sphere Medical reached a major company milestone today in what has been a momentous year for the medical devices firm when it announced its pioneering blood gas analyser, Proxima 3, would see its commercial launch this week. Used with patients in critical care, Proxima 3 uses a miniature sensor integrated into a patient's arterial line to monitor any changes in blood gases – an essential element in patient care – directly at the bedside with minimal intervention by staff. It has long been considered to be the product with most potential at Sphere Medical and received even greater focus when Dr Wolfgang Rencken took over from founder and CEO, Dr Stuart Hendry earlier this year. One of Rencken's earliest remarks following his appointment was to comment on how impressed he had been by the potential of the Proxima technology and that a lot of effort had gone into achieving CE marking, which it received in June. This paved the way for a Proxima 3 post market clinical follow-up study and the installation of infrastructure for a commercial launch. "We are delighted to announce the commercial launch of Proxima in to the UK market, our first marketed product," said Rencken in a company statement. "Frequent measurement of arterial blood samples is a key component in the effective management of patients in the critical care environment, particularly those that are unstable. Proxima keeps the care giver by the patient, conserves blood and rapidly returns blood gas results to aid early decision making and closer control of therapy for critically ill patients – all of which ultimately improve patient outcomes." Progress has also continued as planned on the development of Proxima 4 under the collaboration agreement with Ortho-Clinical Diagnostics, part of Johnson & Johnson. http://www.cabume.co.uk/medtech/milestone-moment-at-sphere-medical-with-flagship-launch.html At the AAGBI 2014 Annual Congress, Sphere Medical will be sponsoring an industry seminar where Dr. Tom Clutton-Brock will be presenting on 'True Point of Care Testing'. To be held at 10.35am and 13.40pm on Thursday 18th September, the seminar will discuss the challenges of maintaining control of patient physiology in the ICU. In particular he will focus on the frequency of arterial blood sample testing ideally required and associated limitations such as staff time involved, costs and blood conservation. He will also consider how matters might change if these limitations were removed.
Methinks not! No just an unhealthy dose of realism which im prone to now and again. They say stock markets climb a wall of worry that fear and greed drive investors perceptions, never a truer word said eh?.Worry, worry, worry thats all we seem to do.We buy xyz co stock, good co, rising profits, excellent products etc...and as soon as we've parted with £xk we start to worry.Is the management up to it? are the sales force anygood?, why is the stock going down?......jeez will it rain tomorrow?.Must have something to do with the human condition.So many imponderables!.I hope those who read my ramblings dont think im giving any investment advice, trust me with my track record I wouldn't take my own! So apropos my worries of a market crash/correction, if I think the market will slump 20,40 or 50% bet your life the ftsee will be testing 8000+.As to Sphere I've said it all the time the hard work starts now were just leaving base camp and climbing that bloody wall of worry!.Thank you and goodnight.
If you want no disappointments, don't indulge in illusions.
If you are of a nervous disposition and dont want sleepless nights you should consider taking maybe 60% of your assets out of the market.We know the UK economy is not all it seems, huge differences in region to region, int rates likely to rise in 2015; our European troubles, sterling weakness, many people over leveraged and the frothy housing market.Im not normally as pessimistic as this but the goodish times from ftse 3000 to now may well be over.I know I said I'd stay put in the event of a crash but im having second thoughts, I'd top myself if the all share fell 50% to say 1800 and I didnt have a pot to p.........in.Im maxed in the market, no cash reserves to fall back on, luckily no mortgage, but best to be prudent and have some cash for a poss wobbly year end.
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