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Disposable medical devices developer reports Q2, 6 months 2005 financial results

Published in Medical Letter on the CDC and FDA, September 11th, 2005

Specialized Health Products International, Inc. designs and develops medical safety devices, reported consolidated financial results for the second quarter and 6 months ended June 30, 2005.

The company reported total revenue increases of 28% from the second quarter of 2004 and sales of manufactured products increase of 77% compared to the same period last year.

The company received U.S. Food and Drug Administration (FDA) 510(k) clearance to market MiniLoc, during the quarter.

Revenues for the second quarter of 2005 were $1.7 million, an increase of 28% from the $1.3 million recorded in the same period last year. Net loss for the...

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