Wednesday May 14, 02:33 PM
Corin says 2008 U.S. sales unlikely to exceed 10 mln pounds
LONDON (Thomson Financial) - Corin Group Plc (LSE: CRG.L - news) . said it expects revenue from its U.S. business for the year to December
31, 2008 unlikely to be more than 10 million pounds.
The company said its business outside of the U.S. has continued to trade in line with its expectations.
Corin said commercialisation partner Stryker Corp. expects to see a lower number of Cormet procedures carried out in 2008 than previously forecast. Stryker does not expect to purchase any further Cormet instrumentation and implants from Corin until December 2008, it added.
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