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Novadaq Technologies Inc. Message Board

  • vonpezel vonpezel Jan 21, 2014 2:22 PM Flag

    trying to understand today's action

    Fidelity tells me that nvdq has issued a 6K form to the SEC which basically repeats their announcement of a few days ago about their unaudited revenues for the 4Q and 2013. To me this doesn't explain today's pop on more than twice the average daily volume to a new high in the shares. So far I'm told that there are 7 block trades of 10K share or more.
    Comments?
    vonpezel

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    • Not sure why this didn't hit the Yahoo new wires:

      Flash Update | 1
      21 January 2014

      Taipei Times reported that Novadaq has inked an exclusive distribution deal with Taipei-based CHC Healthcare Group to sell NVDQ’s imaging systems in Taiwan and China. CHC expects to begin selling the imaging systems in Taiwan after receiving regulatory approval by the end of June, the Taipei Times reported, citing a company spokesman. CHC also expects to receive regulatory approval in China in the next six to nine months, the spokesman told the Times. The article also notes that the agreement between the two companies includes an annual minimum purchase, but an amount was not specified.

      On another note:
      Speaking of LUNA, one notable update from management is that the company expects to “swing for the fences” with LUNA, which they believe could change the diagnosis and treatment of diabetic foot ulcers and other procedures in the wound care clinic. To wit, instead of trying to reach 800+ wound care clinics across the country in what promises to be a long process, the company plans to target large GPOs in the hopes of scoring at least one large contract in 2014, and potentially many more large contracts thereafter. We think an announcement of a GPO “win” with LUNA this year would be a significant catalyst for the stock, and could augment what we see as additional upside potential in Novadaq’s other compelling growth franchises.

      Sentiment: Strong Buy

 
NVDQ
16.92+0.09(+0.53%)12:36 PMEDT

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