Friday, June 30, 2006

Stock News: LMA secured device product approval

LMA International Ltd, a designer and distributor of medical devices, was higher after securing a CE Mark approval to market its medical device product called StoneBreaker in Europe, dealers said. StoneBreaker is an intra-corporeal lithotripter device used to fragment and remove stones in the urinary tract. LMA said there has been strong demand for the product following the completion of clinical trials last year. The company expects sales of the device will contribute positively to its financial performance next year. LMA was up 0.055 sgd or 7.48 pct at 0.79 with 1.46 mln shares changing hands.

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