Brief: Medicalgorithmics Records Drop In Number Of ECG Monitoring Sessions On The US Market Amid Covid-19 Epidemic

Medicalgorithmics SA

15/04/2020 09:19

April 15 (Reuters) - Medicalgorithmics SA  MDG.WA :
    * SAID ON TUESDAY THAT THE COMPANY HAS RECORDED A DROP IN
NUMBER
OF ECG MONITORING SESSIONS ON THE US MARKET; FROM MARCH 16 TILL
APRIL 12 THE NUMBER DECREASED BY 43% VERSUS YEAR AGO
    * ALSO SAID ITS UNIT MEDI-LYNX CARDIAC MONITORING APPLIED
FOR A
PREFERENTIAL LOAN UNDER THE CARES ACT ESTABLISHED BY THE US
CONGRESS
    * UNDER THE LOAN THE UNIT HAS RAISED FUNDS IN THE AMOUNT OF
3.2
MILLION USD, WHICH WILL BE USED TO FINANCE OPERATIONAL
ACTIVITIES, MAINLY PAYROLL FINANCING
    * SAID WITHIN THE GROUP WORKING HOURS HAVE BEEN REDUCED,
WHICH
WILL CUT EXPENSES INCURRED FOR SALARIES

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM5dz6qRa
    
 Further company coverage:  MDG.WA  
   


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