CMP 4.49% 42.5¢ compumedics limited


  1. 9,852 Posts.
    lightbulb Created with Sketch. 60
    FULLY FRANK: LOCAL sleep diagnostics company Compumedics has succeeded in extending into the much bigger sleep apnoea treatment market.

    Today it will announce a deal to sell 2100 advanced treatment units worth $2 million to Italy's Medigas Italia, marking a milestone in its international growth plans.

    Compumedics chief executive David Burton said it was a breakthrough for the company.

    While the global sleep diagnostics market is worth $250 million a year, the sleep treatment market is worth $2.1 billion.

    Burton said the company's SPAP technology was a major advance on existing CPAP (continuous positive airway pressure) treatments.

    "Our analysis of sleep staging is among the best in the world so we have combined that with respiratory treatment," he said.

    So while a traditional CPAP treatment will treat respiratory problems, the SPAP treatment will also minimise sleep arousals which can leave the sufferer feeling washed out in the morning.

    "We are late in entering this market but we are giving patients another treatment option.

    "Our device is as cost effective, compliant and user friendly as our competitors'.

    "But it adds another dimension of maximising sleep efficiency as well as treating respiratory function."

    David said two or three major players dominated the sleep treatment market, including locally listed but US-based Resmed.

    He said the sale to client Medigas Italia came "just weeks" after they had seen a demonstration unit operating.

watchlist Created with Sketch. Add CMP (ASX) to my watchlist
(20min delay)
Mkt cap ! $75.29M
Open High Low Value Volume
42.5¢ 44.5¢ 42.5¢ $12.14K 28.5K

Buyers (Bids)

No. Vol. Price($)
2 23781 42.5¢

Sellers (Offers)

Price($) Vol. No.
44.0¢ 1948 1
View Market Depth
Last trade - 16.10pm 26/02/2021 (20 minute delay) ?
-0.020 ( 3.41 %)
Open High Low Volume
42.5¢ 42.5¢ 42.5¢ 14500
Last updated 15.30pm 26/02/2021 (live) ?
CMP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.