Medical Developments International Limited (AU:MVP) has released an update.
Medical Developments International Limited reported a revenue increase to $9.1 million for Q1 FY25, driven by higher pricing and demand for its Penthrox product. The company anticipates a positive cashflow by the end of FY25, backed by pricing initiatives expected to yield $2.5 million in annual benefits. Strategic expansions include a new distribution agreement in Switzerland and efforts to grow Penthrox’s market in Europe and Australia.
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