F&P Of New Zealand Reports 70 Percent Profit Increase From Respirators
This article was originally published in PharmAsia News
Executive Summary
New Zealand medical device maker Fisher & Paykel Healthcare says demand for its respiratory humidifier systems and acute care products has been so high the firm expects a 70 percent increase in its net profit this fiscal year. CEO Mike Daniell attributed much of the increase to "substantial orders" by the Group Purchasing Organisation, a hospital group, for U.S. contracts to fill a gap in respirator supplies. The company said it expects a 25 percent revenue growth in the coming year. (Click here for more