The Medical Device Business Journal — Medical Device News & Articles | MassDevice
Allergan Inc. (NYSE:AGN) touted a strong quarter on the back on growing sales.
The Irvine, Calif.-based company saw strong growth in revenue in the three months ended June 30, posting $1.4 billion in sales, which amounts to a 14 percent increase over $1.2 billion in sales reporting during the same time last year.
Device sales jumped 12 percent to $245 million for the quarter, compared to $219 million in Q2 2010.
Viking Systems Inc. (OTC:VKNG) extended its supply contract with Boston Scientific Corp. (NYSE:BSX).
The Westborough, Mass.-based company provides the camera, light source and accessories designed specifically for Boston Scientific’s SpyGlass direct visualization system.
Viking Medical Systems Inc. (OTC:VKNG) inked a deal for $5 million in financing for the launch of its three-dimensional visualization system through a pre-arranged stock sale to a Boston, Mass.-based investment fund.
The Westborough, Mass.-based company said it took out an equity line with the Dutchess Opportunity Fund II LLP, an investment fund that specializes in providing financing through common stock lines of credit, or CSLOCs.
