Retractable Technologies, Inc. designs, develops, manufactures and markets patented safety needle devices for the healthcare industry. The Company's VanishPoint products utilize a unique friction ring mechanism that permits the automated retraction of the syringe needle into the barrel of the syringe, directly from the patient, after delivery of the medication is completed. VanishPoint products are designed specifically to prevent needlestick injuries and to prevent reuse. The VanishPoint blood collection tube holder utilizes the same mechanism to retract the needle after blood has been drawn from the patient. Closure of an attached end cap of the blood collection tube holder causes the needle to retract directly from the patient into the closed tube holder. Advantages of its products include protection from needlestick injuries, prevention of cross contamination through reuse, and reduction of disposal and other associated costs.
Douglas W. Cowan 511 Lobo Lane Little Elm, TX 75068 United States
Analyst: Justin Canivet Price Target: $11.00 Time Horizon: 12 Research Established: Sept. 2001 Rating: STRONG BUY ?
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