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Medtronic Milestone
14th February 2006
Medtronic Reaches Milestone with Scoliosis Treatment and MEDirect Latino Inc. Receives Strong Upgrade by Respected Research Firm
City of Industry, CA - Medical Devices industry news provided by Financial News USA (OTC: FNWU) Medtronic. (NYSE:MDT) Sofamor Danek reported a medical milestone Monday, with the implantation of 2.5 million TSRH Spinal System kits to treat scoliosis.
Scoliosis occurs when the spine of a child curves horizontally, and until the development of products like TSRH, children wore external braces -- and sometimes endured surgery -- to keep the spine in alignment as it grew.
Syneron Medical Ltd. (Nasdaq:ELOS) recently reported net income of $12 million for the fourth quarter of 2005, a 46% increase over the comparable quarter of 2004, representing a net profit margin of 51% for Q4 2005, compared to a net margin of 47% reported in the last quarter of 2004.
MEDirect Latino, Inc., (OTCPK: MLTO) is pleased to announce a well-respected firm TSC, has upgraded their equity rating on MLTO. This strong upgrade comes at a time when the company is reporting month over month record revenue growth with plans for doubling its employee base within the quarter.
China Medical Technologies, Inc. (the "Company") (Nasdaq:CMED), a leading China-based medical device company that develops, manufactures and markets high intensity focused ultrasound products and advanced in-vitro diagnostic systems, recently announced its unaudited financial results for the third quarter of the fiscal year ending March 31, 2006.
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