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Latest Company News
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CathRx looks to delist from ASX
Australian Life Scientist - May 10, 2012 Cardiac catheter company CathRx (ASX:CXD) will likely seek shareholder approval to go private after it raises funds to pursue a potential sale of the company.
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CathRx Limited Submits CE Mark Application For Variable Loop Catheter
Reuters Key Development - Jul 14, 2011 |
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Company Profile
Finances:
Originally sponsored by tier 1 Australian Venture Capital firms.
Cash as of 31st Dec 2011: approx $3.3M
Background:
CathRx Ltd is a specialist Australian medical device company focusing on the development and commercialisation of a range of innovative cardiac catheters for use in the diagnosis and treatment of electrical problems of the heart known as cardiac arrhythmias.
The Company is listed on the Australian Securities Exchange where it is traded under the symbol CXD. It's head office, laboratory and manufacturing facilities are based at Homebush Bay in Sydney. CathRx has appointed numerous distributors in Europe to support the of sales of products which has begun.
Possible outcomes through 2011:
- re-focusing the Company’s sales forecast through expansion into new geographic markets & new products
- licensing deals for the CathRx technology in different markets