Lombard Medical Technologies (LON:LMT) - Race against the clock
May 11th 2012 - Edison Investment Research today published a report on Lombard Medical Technologies (LMT.L, LSE:LMT, LON:LMT) entitled "Race Against The Clock". In summary, the report says:
The FDA’s requirement for additional analyses of the existing Aorfix dataset in the PMA process means that the clock on the 180-day review will be restarted once the new data are submitted. It is vital that approval comes before 31 December 2012 for Lombard to receive a £14.2m tranche of funding needed to finance the launch and continue development of the device. If the approval timeline extends further, the company could carry out cost retrenchment or negotiate a new round of funding.
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