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Lombard Medical Technologies (LMT.L) Jumps on News of U.K. Expansion, Dumps Noncore Businesses


10/3/2013 7:59:08 AM

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Stent graft maker Lombard Medical makes more space to keep up with demand for its Aorfix device, expanding its U.K. facilities and dumping its non-core businesses. U.K.-based medical device maker Lombard Medical Technologies (LON:LMT) is doubling down on its flagship Aorfix aortic stent graft technology, dumping its non-core businesses and expanding facilities to meet demand for the device. Lombard is broadening its R&D and manufacturing facilities in Dicot, Oxfordshire, planning to move its Aorfix business there and leave behind the OEM business in Prestwick, Scotland.

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