So I'm reading up on some recent new articles, and
Post# of 1609
Posted On: 11/03/2013 6:10:45 PM
So I'm reading up on some recent new articles, and I come across this little guy. So, as some of you may remember from before, I pointed out how a device that received the CE Mark for St. Jude's helped bump that stock price up as a direct result.
Well, it seems St. Jude recently purchased a small private medical device company. Thats nothing new of course, small medical device companies get gobbled up by large companies all the time. But there was an interesting part of the article. It seems, that even though St. Jude was investing heavily into this company for the past 2 years, it did not want to acquire it until something happened. Guess what that thing was?
CE MARK - as soon as the the CE Mark was given the to product, the went out and bought this tiny company, with only 1, yes, 1 product for over 120 million, and possibly another 60 some million if profits come in as everyone expects. And you know what st. jude stated as being a reason for those profits to start coming in, CE MARK. Its funny, they don't even have FDA approval (but they will), and all it took was for the CE MARK certification for this HUGE company to say, yeah, we want this tech, we want it now!
HERE IS THE ARTICLE FOR EVERYONE TO ENJOY.
http://investors.sjm.com/phoenix.zhtml?c=7383...ID=1863989
Just think about it. Our little sndy has way more then 1 simple product. And, we already have FDA, which is obviously less favored by larger companies. But we also, practically, have the CE Mark certification. So this makes me wonder. Is this how we are going to get the announcement? Just a thought on this lazy sunday.
Well, it seems St. Jude recently purchased a small private medical device company. Thats nothing new of course, small medical device companies get gobbled up by large companies all the time. But there was an interesting part of the article. It seems, that even though St. Jude was investing heavily into this company for the past 2 years, it did not want to acquire it until something happened. Guess what that thing was?
CE MARK - as soon as the the CE Mark was given the to product, the went out and bought this tiny company, with only 1, yes, 1 product for over 120 million, and possibly another 60 some million if profits come in as everyone expects. And you know what st. jude stated as being a reason for those profits to start coming in, CE MARK. Its funny, they don't even have FDA approval (but they will), and all it took was for the CE MARK certification for this HUGE company to say, yeah, we want this tech, we want it now!
HERE IS THE ARTICLE FOR EVERYONE TO ENJOY.
http://investors.sjm.com/phoenix.zhtml?c=7383...ID=1863989
Just think about it. Our little sndy has way more then 1 simple product. And, we already have FDA, which is obviously less favored by larger companies. But we also, practically, have the CE Mark certification. So this makes me wonder. Is this how we are going to get the announcement? Just a thought on this lazy sunday.
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