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Biotech / Medical : Cardiac Science Inc. DFIB (NASDAQ)

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To: Skywatcher who wrote (123)2/1/2003 8:18:18 AM
From: Sergio H  Read Replies (1) of 174
 
Chris, the resistance at 3 should be easier to take out than the 2.50 area was. The recent FDA approval for use of the Powerheart AED on young children is very significant. The press release states that NY is currently the only state to require AEDs in every school with legislation pending in other states.

<Cardiac Science President and CEO Raymond W. Cohen said, “The school market is expanding rapidly in both the U.S. and U.K. and we anticipate additional legislation, similar to New York State, which will continue to drive adoption of AEDs in schools. As a result this has become a very important segment for Cardiac Science, a segment in which we are clearly the market leader. We believe that FDA clearance of our new pediatric electrode system, specifically designed and validated for use on smaller patients, will help us to maintain our leadership position in that segment. We will immediately begin to ship these electrode systems, which sell for about $90, to all types of customers who are anxious to deploy the new electrode pads in areas where small children are at risk.”>

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