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Biotech / Medical : Biotech & Pharma.T.A,
BIB 77.91+1.5%4:00 PM EST

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To: Jibacoa who wrote (2593)9/21/2009 3:19:46 PM
From: Jibacoa  Read Replies (2) of 3722
 
HNSN had already closed most of its July 7 DG on July 31, but today the stock is trading above its July 31 H and the volume although still below the 4,370,100 traded on July 7 is already above 4M

The stock is still up 35.78% Volume is almost 9x its ADV.

bigcharts.marketwatch.com

It announced today that it received FDA clearance for its next generation Sensei X Robotic Catheter System.
It introduced the Artisan Extend Control Catheter and the Lynx Robotic Ablation Catheter, which is a small, flexible irrigated ablation catheter for customers in Europe.

The new Lynx robotic ablation catheter, which the company plans to launch in the European market, is supported by the Sensei X platform and leverages the navigation capability of the Artisan Extend catheter, but in a smaller and more flexible integrated profile for the treatment of AF and other electrophysiology disorders. It is expected to be available in the European Union within the first half of 2010, it is not currently available for sale in the U.S.

HNSN has been trimming its losses and is expected to report a loss around $1.55 vs. the loss of $2.21 in 2008. For 2010 a further trim of the loss is expected.<g>

The insiders hold around 30% of the shares and the short position is close to 7x its ADV.<g>

The stock is not off from the longer term DT coming from its Oct 2007 H at $39.32

bigcharts.marketwatch.com

Bernard
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