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Rosch shares drop after profit warning

This article was originally published in Clinica

Executive Summary

German company Rosch Medizintechnik's shares lost more than a quarter of their value after the company lowered its earnings outlook for the full year. The company, which develops the INJEX needle-free injection system, attributed the poor results to the fact that German health insurers had not yet agreed to reimburse for the product. Shares in the company reached E13.55 ($11.50), a new 52-week low. This compares with a year-high of E68.

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