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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Intl.Medical | LSE:INT | London | Ordinary Share | GB00B035PZ17 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.83 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7509M International Medical Devices PLC 29 January 2008 INTERNATIONAL MEDICAL DEVICES WIN APPROVAL FOR ITS RETRACTABLE NEEDLE FROM THE NATIONAL HEALTH SERVICE International Medical Devices plc, (IMD), the AIM listed healthcare company, has won an endorsement to sell its Retractable Needle across the National Health Service. From April, the NHS will market the needle to all 280 NHS Trusts (including Scotland) through its approved product list. The retractable needle will reduce the number of accidents that occur in the health service where staff accidentally "stick" themselves when they are carrying out life saving tasks. Currently, each of the 280 NHS Trusts are paying out an average of £600,000 per annum to staff who have harmed themselves as a result of accidental needle injuries including eight nurses who have tragically contracted HIV. IMD's retractable needles are manufactured in China to a world class quality standard, and operate by releasing the needle when it needs to be used and can then be retracted into a protective housing when finished. To avoid infection, the needle can only be used once and the housing has an automatic, tamper-proof locking device to avoid reuse. IMD has appointed InterVene Ltd to market the Retractable Needle across the NHS Trusts. InterVene was founded by Matthew Root, who is the former Commercial Director of IMD who decided to form the Company because of the massive benefits the needle can provide in terms of staff safety and reducing the huge sums that are paid out in compensation. It is expected that the first orders for the needle will start in the second quarter of 2008. Bill McGrath, Chief Executive of International Medical Devices, commented: "We are delighted that the NHS has agreed to endorse our needles. Safety and the eradication of injury and infection in hospitals is paramount and this product will help to achieve both. It is a very simple device to operate and is price competitive. We took the decision to appoint InterVene to market the needle for us because Matthew has a unique understanding of the product." Matthew Root, Chief Executive of InterVene Ltd, commented: "I am delighted to be involved with the marketing of IMD's retractable needle. Needlestick injuries are the silent threat that haunt healthcare systems all over the world. Surety(TM) Needle is a unique product which has benefits for both the NHS and the veterinary market where the same, sometimes fatal, accidents occur. InterVene has been established with the specific intention of distributing safety medical products to the healthcare industry here in the UK and to export markets around the world." For further information, contact: International Medical Devices Plc: Bill McGrath 020 3008 4732 J M Finn Capital Markets: Geoff Nash 020 7600 1658 Ends This information is provided by RNS The company news service from the London Stock Exchange END STREAEFNADNPEFE
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