Surgical Innovations Group (SUN)

Sector:

Health Care

Index:

FTSE AIM All-Share

1.80p
   
  • Change Today:
    -0.050p
  • 52 Week High: 3.15
  • 52 Week Low: 1.75
  • Currency: UK Pounds
  • Shares Issued: 932.82m
  • Volume: 200,820
  • Market Cap: £16.79m
  • RiskGrade: 341

Surgical Innovations enters new US distribution agreement

By Josh White

Date: Monday 15 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Medical technology company Surgical Innovations announced a new United States distribution agreement with Microline Surgical for its range of 'YelloPort+Plus' and 'YelloPort Elite' access devices.
The AIM-traded firm said the five-year agreement would bring "significant opportunity" for growth in the US trocar market.

It said Microline's sales and marketing structure was ideally placed to leverage its experience with 'Resposable' surgical instruments to effectively drive US sales of YelloPort+Plus and YelloPort Elite.

Microline, based near Boston, designs, manufactures and distributes instruments aimed at the minimally-invasive surgery market.

Its portfolio of products was said to be "complementary" to those offered by Surgical Instruments with a focus on the 'resposable' ethos of cost and sustainability.

Surgical Innovations said it had a long established relationship with Microline, where it has an exclusive Great Britain distribution agreement for Microline instruments that are complementary to its own branded range.

"The United States accounts for almost half of the worldwide trocar market," said group development director Adam Power.

"Microline has a direct sales team with considerable experience in the selling of Resposable surgical devices.

"Microline and Surgical Innovations, through its UK subsidiary Elemental Healthcare, share a long history of synergy and growth and we are very excited to replicate this successful relationship in the United States."

At 1538 GMT, shares in Surgical Innovations Group were up 12.2% at 2.3p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SUN Market Data

Currency UK Pounds
Share Price 1.80p
Change Today -0.050p
% Change -2.70 %
52 Week High 3.15
52 Week Low 1.75
Volume 200,820
Shares Issued 932.82m
Market Cap £16.79m
RiskGrade 341

SUN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.75% above the market average13.75% above the market average13.75% above the market average13.75% above the market average13.75% above the market average
10.53% above the sector average10.53% above the sector average10.53% above the sector average10.53% above the sector average10.53% above the sector average
Price Trend
32.91% below the market average32.91% below the market average32.91% below the market average32.91% below the market average32.91% below the market average
15.00% above the sector average15.00% above the sector average15.00% above the sector average15.00% above the sector average15.00% above the sector average
Income Not Available
Growth
0.78% above the market average0.78% above the market average0.78% above the market average0.78% above the market average0.78% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SUN Dividends

No dividends found

Trades for 01-Jul-2022

Time Volume / Share Price
16:12 200,000 @ 1.80p
15:18 9 @ 1.76p
15:18 811 @ 1.76p

SUN Key Personnel

CFO Charmaine Day
CEO David Marsh

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