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For Immediate Release 17 January 2005
The Medical House PLC
Technology Day to be held on 1 February
2005
Medical House PLC ("TMH"), (AIM:MLH) the orthopaedic
devices and drug
delivery company, is pleased to announce that they will be holding
a technology day on 1 February 2005, for investors, analysts and
press at
Buchanan Communications
107 Cheapside
EC2V 6DN.
For further information
The Medical House PLC
Ian Townsend, Executive Chairman
0114 261 9011
www.themedicalhouse.com
Buchanan Communications
Tim Anderson/Lisa Baderoon/Rebecca Skye Dietrich
0207 7466 5000
Notes to Editors:
About Medical House - Market Background
TMH has progressively been developing needle-free devices which
are
already successfully used in the market. TMH's own proprietary
next generation device, the SQ-Pen, its latest spring powered
re-usable system, has great potential in drug delivery worldwide.
TMH also has several distribution agreements in place for the
insulin market with its first needle-free device, named the mhi-500.
TMH announced in November 2002 that it had received approval
from the PPA
(Prescription Pricing Authority) for the admission of the mhi-500
device
to the NHS Drug Tariff, to be effective from 1 January 2003. This
has enabled the device and the related consumables to be prescribed
on a free-of-charge
basis to the more than 500,000 people with diabetes in the UK
who inject insulin daily.
This makes the mhi-500 the first needle-free injection system
for liquid
pharmaceuticals to be available on the UK NHS Drug Tariff. The
market for
human growth hormone drugs is expected to reach $2.2 billion by
2006 according to AS Insights.
TMH currently has distribution agreements already in place for
its needle-free injection systems for insulin use covering: Australia;
the Southern Africa Development Communities (including South Africa,
Angola, Namibia, Botswana, Zambia, Swaziland, Zimbabwe, Malawi,
Mozambique and Lesotho); Israel; Belgium, Holland, Luxembourg,
Turkey; Canada; Egypt, New Zealand, China, Poland, Pakistan, Morocco
and Ireland.
Historically the majority of the Group's turnover has come from
its orthopaedic company, Eurocut Limited. It designs and manufactures
instruments and
systems used in orthopaedic procedures for many of the world's
leading orthopaedic companies. Eurocut was established in 1988
and now has a reputation as one of Europe's leading orthopaedic
instrument businesses.
In January 2004, the company moved into significantly enlarged
premises enabling it to expand sales significantly. This enables
Eurocut to take advantage of a growing orthopaedic market which
has an increasing demand for ever more complex instrumentation
to carry out minimally invasive and image guided procedures.
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