Diomed Holdings, Inc.

Device firm reports 39% increase in revenues

Published in Pharma Law Weekly, June 1st, 2004

Diomed Holdings, Inc., (DIO), a developer and marketer of minimally invasive medical technologies, including its patented EndoVenous Laser Treatment (EVLT) of varicose veins, announced financial results for the first quarter ended March 31, 2004.

In the first quarter of 2004, Diomed delivered revenue of $2.9 million, a 39% increase over Q1 2003. Revenue from the EVLT product line increased 53% over the same period last year, including growth of more than 100% in disposable procedure products.

"Diomed continued its strong pace through the first quarter of 2004," stated James Wylie, president and CEO of Diomed Holdings, Inc., "Our first quarter...

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Source: Pharma Law Weekly (2004-06-01)

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