logo-loader

Deltex Medical looks up as international momentum builds

Published: 03:24 27 Apr 2017 EDT

picture of blood
US sales are rising fast

Strong growth outside of the UK and especially the US has made Deltex Medical PLC (LON:DEMG) more bullish than for some time.

US sales exceeded the UK for the first time and those from outside the UK comprised 66% of blood monitoring probe revenues

“Sales are growing well in the USA and other export markets which resulted in 2016 probe revenues up 40% and 24% respectively. Furthermore, we have seen positive signs of the UK business stabilising," said Nigel Keen, chairman.

Deltex has been hamstrung by the NHS’s cash crisis and UK sales of its surgical blood monitoring probes dropped 26% to £1.9mln, though the decline slowed in the second half.

US sales, though, rose by 50% as the number of major hospitals signed up reached 28. Since January, manufacturing improvements are also saving over £30,000 a month.

Overall sales in 2016 were £6.3mln (£6.4mln) with losses reduced to £2.52mln (£3.6mln).  

CLICK HERE: For a daily round-up of all the Proactive news

Separately, Deltex announced it has been awarded a grant of €50,000 under the EU's Horizon 2020 programme that finances new product development.

“Deltex and Lariboisiere Hospital Paris have developed a system called TruVue which provides simultaneous visual display of a patient's aortic blood flow velocity and aortic blood pressure," it said.

The EU funding will help test the system and may be followed with a further grant of up to €2.5mln in a second phase.

BenevolentAI advances novel ulcerative colitis treatment through Phase 1a trial

BenevolentAI (OTC:BAIVF) chief scientific officer Dr Anne Phelan joins Proactive's Stephen Gunnion with positive safety data from the Phase 1a, first-in-human, clinical study of BEN-8744 in healthy volunteers. Phelan explained that BEN-8744 is a potent, selective PD10 inhibitor, uniquely...

2 hours, 48 minutes ago