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Acotec Scientific Holdings Limited ( (HK:6669) ) has provided an update.
Acotec Scientific Holdings Limited announced that it has received approval from the PRC National Medical Products Administration for its new Peripheral Controlled Mechanically Detachable Fibered Coil. This product is designed for the embolization of peripheral vascular aneurysms and other conditions, offering a controlled detachment mechanism for improved safety and precision. The approval marks a significant step in the company’s product development, potentially enhancing its market position in the PRC, although the company cautions that successful marketing is not guaranteed.
The most recent analyst rating on (HK:6669) stock is a Hold with a HK$13.50 price target. To see the full list of analyst forecasts on Acotec Scientific Holdings Limited stock, see the HK:6669 Stock Forecast page.
More about Acotec Scientific Holdings Limited
Acotec Scientific Holdings Limited is a company incorporated in the Cayman Islands, focusing on the medical products industry. It specializes in developing innovative medical devices, with a particular emphasis on products that enhance procedural safety and adaptability in clinical settings.
YTD Price Performance: 101.01%
Average Trading Volume: 511,329
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.76B
Learn more about 6669 stock on TipRanks’ Stock Analysis page.