NMT Group PLC
27 November 2001
27 November 2001
NMT GROUP PLC
1cc Insulin Syringe Granted FDA Section 510(k) Approval in USA
NMT Group PLC ('NMT'), the manufacturer of retractable devices to prevent
needlestick injury, announces today that it has received approval from the US
Food and Drug Administration (FDA) under Section 510(k) of the Food, Drug and
Cosmetic Act to market and sell its 1cc insulin syringe in the USA. Insulin
syringes, used to deliver insulin in controlling diabetes, represent a
substantial proportion of the total US disposable syringe market which has
been estimated at 6.6 billion units.
Commenting on today's news, Roy Smith, Chief Executive of NMT, said:
'The receipt of notification of FDA approval for our 1cc Insulin safety
syringe should allow commercial sales to start in early 2002. This approval is
yet another positive step towards the future success of the Group'
Enquiries:
NMT Group PLC
Roy Smith, Chief Executive Officer Tel: 07899 877 047
Gerard Cassels, Finance Director Tel: 07909 528 910
Financial Dynamics Tel: 0207 831 3113
David Yates/Fiona Noblet
This announcement has been approved by WestLB Panmure Limited solely for the
purposes of section 57 of the Financial Services Act 1986. It does not
constitute an offer or invitation to purchase or sell any securities.
WestLB Panmure Limited, which is regulated by The Securities and Futures
Authority Limited, is acting exclusively for NMT Group plc and will not be
responsible to anyone other than NMT Group plc for providing the protections
afforded to customers of WestLB Panmure Limited nor for providing advice in
relation to the contents of this announcement or any matter referred to
herein.
This press announcement is not for distribution in or into the United States,
Canada, the Republic of Ireland, Australia or Japan.
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.