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Medical Developments International Limited ( (AU:MVP) ) has shared an update.
Medical Developments International Limited reported strong financial performance for Q3 FY25, with a $1.7 million operating cash flow and a cash balance of $19.1 million. The company saw increased demand for Penthrox in both the Australian hospital segment and European markets, signing a new distribution agreement with Ethypharm in France. Despite expected lower earnings in the second half of FY25 due to foreign exchange rates, the company anticipates improved full-year EBIT driven by higher Penthrox prices and operational efficiencies.
More about Medical Developments International Limited
Medical Developments International Limited operates in the healthcare industry, focusing on pain management and respiratory products. Its primary product, Penthrox, is used for pain relief and has a growing market presence in Australia and Europe.
YTD Price Performance: 13.75%
Average Trading Volume: 312,350
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$51.26M
For a thorough assessment of MVP stock, go to TipRanks’ Stock Analysis page.