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Hansen Medical: Struggling Sales Continue With Hope For Magellan On The US Market
Revenue down by $1.5 million from previous quarter, resulting from decreased catheter sales and U.S. learning curve on vascular systems
Revenue down by $1.5 million from previous quarter. Reason: Challenges of European economic condition, hospitals adjusting catheter inventory levels and longer sales cycles as a result of careful hospital spending.
Net income was negative $11.8 million, up sequentially from negative $9.5 million but reversing positive…
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