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Tristel gains key approval in China

Tristel logo on purple background
Tristel has its sights firmly set on China as a crucial market for long-term revenue growth. The approval of its Duo High-Level disinfectant is therefore very good news which should spark revenue growth.

In brief

Medical device specialist, Tristel (LON: TSTL) has gained approval for two of its specialist infection prevention products in Asia. The Duo High-Level disinfectant has been approved in China by the Shanghai Centre for Disease Control and Prevention and the Sporicidal Wipe has been approved in South Korea by the Korean Ministry of Food and Drug Safety.

The detail

Duo is one of the products Tristel has been attempting to launch in the US, without much success to date. Regulatory approval in China has taken a fraction of the time and the market presents a big opportunity for expansion. When Tristel released its interim results in February, management laid out plans to “concentrate our efforts on selling our consumable medical device disinfectants directly to hospitals” in China. The approval of Duo is a major step towards that goal.

The South Korea approval “highlights Tristel’s regulatory and technical capabilities,” according to broker finnCap. The product has been approved as a drug…

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