Shares in ConvaTec (CTEC) - whose products are used for advanced chronic and acute wound care, ostomy care, continence and critical care and infusion devices used in the treatment of diabetes and other conditions - have come a little more my way recently as I discussed here a couple of weeks ago. Today's regulatory news announcement by the company caused me - however - to raise my eyebrows slightly…
I do not think it is too controversial to observe that on 90%+ of issues our former in house 'bulletin board loon' Wildes - who used to be not shy of posting a view or ten in the comments section on many articles - was way off the mark. However I have to give the old loon a hat tip on the specific issue of ConvaTec (CTEC) which I posted on a year ago and on which Wildes prophetically observed I was talking sh1t quite literally.
We should not laugh about colostomy bags as there is a reasonable chance of being hooked up to one at some point. Good news then that medical products company ConvaTec (CTEC) notes that at its 'R&D centre in North Wales, scientists and technicians show off a better lubricated catheter; a tighter sealant for an “ostomy” bag used to collect colostomy waste; and an agent that, when applied to an infected wound, changes colour according to the severity of infection to allow more rapid treatment'.
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