Trileaflet setback cuts AoTtech value
This article was originally published in Clinica
Executive Summary
Scottish company AorTech has blamed unspecified "performance issues" that emerged during preclinical trials for delays in further trials of its novel biocompatible polyuretheane trileaflet heart valve, the New Valve. The hold-up, announced last week, wiped almost a third off the value of the Bellshill, Lanarkshire company as shares dropped to 21p ($0.30). Tests on the product, which AorTech hopes will give it a share of the $800m worldwide heart valve market, may take another four months to complete.