logo
  Join        Login             Stock Quote

BSD Medical (BSDM) Sells Microthermx Microwave Ablation Systems In Turkey

 January 14, 2013 01:51 PM


(By Balaseshan) BSD Medical Corp. (NASDAQ: BSDM), which manufactures medical systems that utilize heat therapy to treat cancer, announced the sale of its MicroThermX Microwave Ablation Systems to Turkish medical distributor ADA Medikal.

Financial details of the sale were not disclosed.

The company has sold multiple MicroThermX Microwave Ablation systems and antennas to ADA Medikal as part of their distribution agreement signed in October 2012.

According to the companies, Turkey is an important international market with a population of more than 73 million and the world's 15th largest economy. ADA projects that they will need to order a significant number of systems to address the market for the MicroThermX in Turkey.

[Related -BSD Medical (BSDM): ADA Medikal to Sell Microthermx Microwave Ablation Products in Turkey]

On January 10, BSD reported a first quarter net loss of $2.22 million. Total revenue of $659,785 was essentially level with last year, due primarily to a decrease in sales associated with our hyperthermia systems when comparing the two quarters.

On January 7, the company said Horizon Medical Services in Tamarac, Florida has purchased a BSD-500 Hyperthermia System (BSD-500). The purchase by Horizon increases the number of patients who will have access to innovative hyperthermia treatment. This sale is further evidence of the growing use of hyperthermia therapy in Florida and in the U.S.

BSDM is trading up 7.01% at $1.68 on Monday. The stock has been trading between $0.76 and $2.52 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageThe Global Credit Market Is Now A Lit Powderkeg

Although the Street seems to agonize over equity valuations and recent price volatility, as I see it the read on...

article imageBacktesting With Synthetic and Resampled Market Histories

We’re all backtesters in some degree, but not all backtested strategies are created read on...

article imageThe Missing Lesson: Unfriend the Trend

Beware forecasts that simply extrapolate the year’s start read on...

article imageHave The Saudis Miscalculated The Impact Of Lower Crude Prices On US Production?

In 2014 the Saudis could no longer accept the loss of crude oil market share as the North American read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.