From: Blinded by numbers, first published in August 2007.
Surgical Innovations recently raised £4m to finance marketing in the US, additional stocks and further product development. It also wants to sign product licences for devices developed by other companies and sell them through its own distribution channels. There is a move towards instruments where part of the instrument is reused and other parts are replaced each time it is used. The shares were placed at 3.5p even though they were trading at 6p a few weeks prior to the fund raising. The share price dipped just after the 2006 results were published although the placing price is still higher than the market price six months ago. Read more 'Surgical Innovation'