EMS 0.00% 3.2¢ eastland medical systems ltd

ems in talks with us based portex

  1. 21 Posts.
    Hi All,

    I have heard on the grapevine that US based medical company Portex (www.portex.com) was in talks with Australian biotech company EMS today. I have been told that they are interested in the chest drainage device, and retractable syringe that EMS has patents on.

    Portex is also interested in using EMS's Portland based facilities to manufacture Portex needles as production costs would be significantly lower than producing in America. Costs would also be reduced due to the cost savings that EMS's PAP technology allows.

    They are also looking to offload production to Canada to take advantage of the exchange rate and the close proximity. The production in Canada would be for Portex's thoracic drainage device.
 
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