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Lidco Regulatory News (LID)



Regulatory News for Lidco (LID)


Share Price: 11.125Bid: 10.75Ask: 11.50Change: 0.00 (0.00%)No Movement on Lidco Grp
Spread: 0.75Spread as %: 6.98%Open: 11.125High: 11.4625Low: 11.4625Yesterday’s Close: 11.125





LiDCO technologies highlighted in NHS report

Thu, 10th May 2012 07:00

RNS Number : 0307D
LiDCO Group Plc
10 May 2012
 

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Press Release

10 May 2012

 

 

LIDCO GROUP PLC

 

("LiDCO" or the "Company")

 

LiDCO technologies highlighted in NHS report on the adoption of Intraoperative Fluid Management

LiDCO Group Plc (AIM: LID), the cardiovascular monitoring company, is pleased to announce that its technologies are highlighted in the latest NHS report, published on 8-May, on the adoption of Intraoperative Fluid Management Technologies (IOFMT). Following a commission by the Department of Health, the NHS Technology Adoption Centre published Intraoperative Fluid Management Technologies Adoption Pack, which aims to guide the successful implementation of IOFMT across the NHS in England.

The report, which highlights LiDCO's fluid management technology among others, informs all NHS organisations of the steps they need to take in order to start using or increase their use of these technologies

The report reiterates that full adoption across the NHS is forecast by NICE to benefit 837,000 patients and generate net financial savings of £400m per annum. In recognition of the improved patient outcomes, adoption of fluid optimization technologies has been included as a pre-qualifier for CQUIN (commissioning for quality and innovation) payments from 2013/14.

Of the 800,000 patients a year in the UK who are applicable for such advanced monitoring, less than 10% are currently monitored. This illustrates the potential size of the UK market and the very substantial opportunity available to LiDCO.

Dr Terry O'Brien, CEO LiDCO Group Plc, stated: "This is another major milestone in realizing the NHS's vision of implementing fluid optimisation for 800,000 applicable patients and the substantial positive outcomes both clinically and economically that will ensue. This is a terrific endorsement for the area, and we greatly welcome the opportunity this presents for LiDCO's fluid monitoring technology, which is already in wide use across the NHS."

 

 

- Ends -

 

For further information, please contact:

LiDCO Group Plc


Terry O'Brien (CEO)

Tel:+44 (0)20 7749 1500

Paul Clifford (Finance Director)


Theresa Wallis (Chairman)

www.lidco.com

 

FinnCap


Geoff Nash/ Henrik Persson

Stephen Norcross (broking)

Tel: +44 (0)20 7600 1658

www.finncap.com

 

 

Media enquiries:

Abchurch


Sarah Hollins/ Adam Michael / Joanne Shears / Jamie Hooper

Tel: +44 (0) 20 7398 7719

Jamie.hooper@abchurch-group.com

www.abchurch-group.com

 

About LiDCO Group Plc

LiDCO is a supplier of minimally invasive hemodynamic monitoring equipment and disposables to hospitals. These products are used primarily for the management of adult hospital patients requiring critical care or at major cardiovascular risk. LiDCO's computer-based technology can significantly reduce the complications (particularly infections) and costs associated with major surgery. The technology was invented in the Department of Applied Physiology based at St Thomas' Hospital, London. LiDCO is based in the UK and its shares are traded on AIM. For more information please see www.lidco.com.

The Company's sales office is in Cambridge, its manufacturing facility / general administration base is in Hoxton, London, and its current products are:

* LiDCOplus is a computer-based platform monitor used in the Intensive Care Unit for real-time continuous display of hemodynamic parameters including cardiac output, oxygen delivery and fluid-volume responsiveness (PPV% and SVV%)

* LiDCOrapid: our new cardiac output monitor designed specifically for use in the Operating Theatre for fluid and drug management. The monitor enables acute-care physicians to get accurate and immediate feedback on the patient's fluid and hemodynamic status - a key measure of overall well-being both during and after surgery.  These benefits are:

·    

Early and rapid warning of change

·    

Clear indication of therapeutic route: fluid or drug

·    

Quantification of hemodynamic response, particularly stroke volume

·    

Permits more effective delivery of fluids - the right amount at the right time

·    

Advanced hemodynamic care has been shown to contribute to:

- Reduced morbidity and complications, length of stay& overall cost of care

 

* LiDCO single-patient-use disposables used in conjunction with the LiDCOplus and LiDCOrapid.

* LiDCOview:an easy-to-use graphical display of historical LiDCOplusandLiDCOrapidhemodynamic data.

 

* LiDCO's Distribution Network:

The Company sells via its own direct sales force to hospitals in the UK, and in export markets predominantly through a worldwide network of speciality critical care and anesthesia distributors.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEANSNESLAEFF


Related Shares: LiDCO Group (LID).




DateSourceHeadlineCategory
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09-May-13 07:00RNS-RLiDCOrapidv2 incorporated in NHS Foundation TrustCompany Announcement - General
08-May-13 15:51RNSExercise of Share OptionsCompany Announcement - General
23-Apr-13 07:00RNSPreliminary ResultsResults and Trading Reports
26-Mar-13 07:00RNSUS FDA clears for sale LiDCOrapidv2Company Announcement - General
15-Mar-13 07:00RNSGrant of LiDCOrapid user interface patent in JapanCompany Announcement - General
22-Feb-13 15:25RNSDirector/PDMR ShareholdingDirectors' Dealings
21-Feb-13 12:45RNSExercise of Share OptionsCompany Announcement - General
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05-Feb-13 07:00RNSTrading Update and Notice of Preliminary ResultsCompany Announcement - General
17-Dec-12 07:00RNSTrading StatementResults and Trading Reports
29-Nov-12 14:00RNSTR-1 Notification of Major Interest in SharesHolding(s) in Company
27-Nov-12 07:00RNSExercise of Share OptionsCompany Announcement - General
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13-Nov-12 07:00RNSFundraising to raise £2.35 millionCompany Announcement - General
23-Oct-12 07:00RNSInterim ResultsResults and Trading Reports
15-Oct-12 15:00RNSExercise of Share OptionsCompany Announcement - General
15-Oct-12 07:00RNSPremier of LiDCOrapid v2 with Unity SoftwareCompany Announcement - General
14-Sep-12 15:20RNSNotice of Interim ResultsAdvance Notice of Results
03-Sep-12 12:00RNSExercise of Share OptionsCompany Announcement - General
23-Aug-12 07:00RNSTrading update and resignation of DirectorResults and Trading Reports
03-Aug-12 07:00RNSNihon Kohden appointed as distributor in JapanCompany Announcement - General
11-Jul-12 07:00RNSReimbursement approval received in JapanCompany Announcement - General
04-Jul-12 15:05RNSGrant of Share OptionCompany Announcement - General
26-Jun-12 12:40RNSNotification of Major Interest in SharesHolding(s) in Company
26-Jun-12 12:40RNSNotification of Major Interest in SharesHolding(s) in Company
22-Jun-12 15:05RNSExercise of Share OptionsCompany Announcement - General
13-Jun-12 11:55RNSResult of AGMResults and Trading Reports
13-Jun-12 07:00RNSLaunch of the LiDCOrapid monitor in JapanCompany Announcement - General


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