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Covalon Technologies Ltd V.COV

Alternate Symbol(s):  CVALF

Covalon Technologies Ltd. is a patient-driven medical device company. Through a portfolio of patented technologies and solutions for advanced wound care, infection prevention, and medical device coatings, the Company offers gentler and more compassionate options for patients to heal with less infections, less pain, and better outcomes. Its solutions are designed for patients and made for care providers. It leverages its patented medical technology platforms and expertise in two ways: by developing products that are sold under Covalon’s name and by developing and commercializing medical products for other medical companies under development and license contracts. It provides a range of specialized medical devices, medical dressings and advanced medical technology designed for infection prevention, complex wound closure and perioperative care. Its perioperative care solutions provide antimicrobial protection of pre-operative skin, through postoperative incision care to scar prophylaxis.


TSXV:COV - Post by User

Bullboard Posts
Comment by TheMonolithon Jul 29, 2019 2:11pm
110 Views
Post# 29971469

RE:RE:RE:RE:RE:Update

RE:RE:RE:RE:RE:UpdateCovlalon got a line of credit from HSBC of $17M, 9M for acquisitions.  Covalon acquired AquaGaurd for around $10M cash and stock.  Shouldn't be any issue in paying off the remainder of the terms.  The line of credit will give them access to cheap capital in case they need it to bridge themselves through possible loss of the Saudi deal.  
Bullboard Posts