the wait - Reasons to be EXCITED27 Oct 2009 11:43
Well the long awaited wait just around the corner - Commenting on the acquisition, Terry O'Brien, Chief Executive of LiDCO, said: 'This is very exciting news for LiDCO. This means that our US partner will be part of a truly global medical and surgical devices company. Covidien will have access to LiDCO's leading hemodynamic monitoring product which is complementary to their existing Oximetry and Monitoring product lines.
The Company has shown a strong sales performance during this period and the Board expects revenues to be significantly higher than the first six months of 2008. It anticipates that revenues will remain higher than 2008 for the full year. Against a more challenging environment for capital equipment sales, the Company's revenue growth represents an increase in market share and in particular reflects record disposables sales.