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NuGen Medical Devices Inc V.NGMD

Alternate Symbol(s):  NGMDF

NuGen Medical Devices Inc. is a Canada-based specialty medical device company. The Company is engaged in marketing and selling its InsuJet needle-free injection system designed to improve the lives of millions of diabetics. Its principal business is the research, development and commercialization of needle-free injection devices and systems for the administration of subcutaneous medication. It is developing products using its needle-free delivery technology in several fields including, but not limited to, diabetes, semaglutide, growth and fertility hormone, as well as deoxyribonucleic acid (DNA) and conventional/pediatric vaccines. It is focusing its development efforts on needle free devices in the area of liquid jet delivery through the InsuJet platform. The Company's InsuJet technology platform is based on jet-stream administration of liquid drugs. The Company manufactures and commercializes needle-free injection systems and sells in over 40 countries globally.


TSXV:NGMD - Post by User

Comment by hintonkidon Nov 28, 2021 10:35pm
220 Views
Post# 34174593

RE:worth taking a look at,

RE:worth taking a look at, BNN Bloomberg had a little 1 minute infoview on this company this evening so I thought I would look into the company a little more to find out what it was all about.  As you said in your comments, it lokks to be quite an interesting company that has just recently come to market.  It looks like it was an ipo back in October or there abouts.  Their needleless syringe has been approved by Health Canada and it looks like they are on their way to manufacturing the device and are working with a distribution company to get it out there.  It was pointed out, in their company presentation that the device would be ideal for the innoculation of children and people that have a fear of needles or are quite sensitive to injections.  It would also be perfect for those who suffer from Type One diabetes as they still have to inject themselves with insulin if they need it.  THis device introduces medication under pressure to the injection site and is painless and leaves no marks from what I gather.  I think that this device will catch on quite quickly with the medical profession in many markets and is also reusable and recyclable and as long a COVID-19 continues to make it's presence felt throughout the world this device will be very useful and very popular.  I picked up a base set of shares for my portfolio and will pick up more as time goes by and the company reaches several growth and sales milestones.  Management holds somewhere between 12% and 20% of the shares depending on the source of information you draw your research from.  It also looks like the company is still flying under the radar and is little known by the investment community at the present time.
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