Stocks to Watch Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
TSO3 Inc. (TOS-T) says a "major hospital in Canada" has initiated terminal sterilization of duodenoscopes "” for patients undergoing endoscopic retrograde cholangio pancreatography procedures "” using the company's Sterizone VP4 sterilizer.
The company said its sterilizer is "the only validated system cleared for the terminal sterilization of duodenoscopes (U.S. claim pending clearance) as well as other complex multi-channeled flexible endoscopes such as colonoscopes and gastroscopes."
"For the first time in history, an industry leading medical facility is terminally sterilizing duodenoscopes using a validated process, a major advancement in healthcare and patient safety, and they are using TSO3 technology," stated CEO Ric Rumble.
TSO3 also announced the successful completion of a routine quality system compliance inspection by U.S. regulators. "The company passed the inspection without any reportable findings," which is said is "considerable" given its rapid expansion.