4th Nov 2015 10:42
LONDON (Alliance News) - Advanced Medical Solutions Group PLC on Wednesday said it has received notice of further regulatory approvals in the US for its suture products.
The surgical and woundcare products company said the new approvals secured mean it now has support for nearly its entire suture portfolio. Only one more type is awaiting US regulatory approval, giving the group confidence it can launch its suture products in the country in 2016.
"We are pleased that we are now in a position to access the US surgical suture market which is estimated to be in excess of USD1 billion in size and dominated by a few major brands," said Chief Executive Chris Meredith.
Shares in Advanced Medical Solutions were down 0.4% to 180.12 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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