(Correcting LiquiBandFix8 from LuquiBandFix8.)
(Alliance News) - Advanced Medical Solutions Group PLC on Monday announced pre-market approval in the US for its fixation device LiquiBandFix8, to be used during hernia surgery.
The Cheshire, England-based developer and maker of tissue-healing technology said the approval from the US Food & Drug Administration "was granted ahead of schedule and seven months after submission, a significant achievement for the company's first PMA application," it said.
The approval represents the chance to enter a new addressable market estimated to be worth around USD200 million, AMS said.
Advanced Medical Solutions shares closed up 3.9% to 243.00 pence each in London on Monday.
By Tom Budszus, Alliance News reporter
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Advanced Medical Solutions Group (AMS)