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LiDCO Group Plc - Increased China sales demand due to COVID-19

RNS Number : 3551F
LiDCO Group Plc
09 March 2020

LiDCO Group Plc

("LiDCO" or the "Company")


Increased sales demand from China in response to COVID-19


LiDCO (AIM: LID), a leading supplier of hemodynamic monitoring company, announces that its Chinese distribution partner, Beijing Gloryway Medical Company, has recently sold a small number of monitors in Wuhan, China as a direct response to the COVID-19 virus outbreak.


A number of LiDCOrapid monitors had already been installed in the city prior to the COVID-19 outbreak. The recent purchase is to provide additional Intensive Care monitoring capabilities in order to treat the most acute cases of the infection.  The transaction was able to be arranged without LiDCO or our distributors' staff visiting Wuhan.


LiDCO has fully assessed the impact of the outbreak on its supply chain and is satisfied that its inventory levels and forward purchases of monitors would support a certain amount of above forecast demand should it arise in areas affected by Covid-19.  The Company is in communication with healthcare institutions in a number of the affected areas and is prepared to be flexible in its approach in order to meet any short-term increased monitoring needs.


Commenting, Matt Sassone, Chief Executive Officer of LiDCO, said: "The proportion of patients who are admitted to Intensive Care following COVID-19 infection remains low, however, there is significant clinical evidence that the use of advanced hemodynamic monitoring for patients in intensive care  is clinically beneficial. Whilst the Board doesn't anticipate changing expectations at this time, the Company is prepared to support customers should they face an increased demand for intensive care."



For further information, please contact:


LiDCO Group Plc


Matt Sassone (CEO)

Tel: +44 (0)20 7749 1500

Tim Hall (CFO)


Tel: +44 (0)20 7600 1658

Geoff Nash / Hannah Boros (Corporate Finance)

Andrew Burdis (Corporate Broking)

Walbrook PR Ltd

Tel: 020 7933 8780 or [email protected]

Paul McManus

Mob: 07980 541 893

Lianne Cawthorne

Mob: 07584 391 303





About LiDCO Group Plc (www.lidco.com)

LiDCO is a supplier of non-invasive and minimally invasive hemodynamic equipment to hospitals used to monitor the amount of blood flowing around the body and ensure that vital organs are adequately oxygenated. LiDCO's products facilitate the application of hemodynamic optimisation protocols for high risk patients in both critical care units and in the operating theatre. 


Increasingly clinical studies have shown that the optimisation of patients' hemodynamic status in high risk patients produces better outcomes and reduced hospital stay.  LiDCO's computer-based technology, developed originally at St Thomas' Hospital in London, has been shown to significantly reduce morbidity and complications, length of stay and overall costs associated with major surgery.


Key Products:


LiDCOunity: a hemodynamic monitor that combines the full suite of LiDCO technology (non-invasive, minimally invasive and calibrated technologies) into one platform. Designed to have the flexibility to adapt to a patient's changing acuity, the product enables clinicians to seamlessly transition between non-invasive, minimally invasive and calibrated hemodynamic monitoring.


LiDCOplus: a computer-based platform monitor used in the Intensive Care Unit for real-time continuous display of hemodynamic parameters including cardiac output, oxygen delivery and fluid-volume responsiveness (PPV% and SVV%).


LiDCOrapid: a cardiac output monitor designed specifically for use in the operating theatre for fluid and drug management. The monitor enables anaesthetists to receive accurate and immediate feedback on the patient's fluid and hemodynamic status - a key measure of overall well-being before, during and after surgery.  The LiDCOrapid provides:


·     early and rapid warning of hemodynamic change to aid choice of therapeutic route: fluid or drug

·     quantification of hemodynamic response guidance on effective delivery of fluids to ensure the right amount at the right time


The software incorporated into LiDCOrapid allows the LiDCOrapid monitor to co-display Medtronic's level of consciousness parameter ('BISTM')* and add the convenience of CNSystem's continuous non-invasive blood pressure monitoring ('CNAP')**. This addresses a growing requirement for non-invasive monitoring solutions that are more comprehensive and can effectively replace multiple single parameter monitors. 


LiDCOview: an easy-to-use graphical display of historical LiDCOplus and LiDCOrapid hemodynamic data.


*BISTM and Bispectral Index are trademarks of Medtronic registered in the US and foreign countries.

**CNAPTM is a trademark of CNSystems Medizintechnik AG.


LiDCO monitors use single-patient disposables (sensors or smartcards) which provide an ongoing revenue stream. 


LiDCO Distribution Network:

LiDCO sells directly to hospitals in the UK and USA and through a network of specialty critical care and anaesthesia distributors in the rest of the world.


LiDCO's headquarters are in London and its shares are traded on AIM.



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Quick facts: LiDCO Group PLC

Price: 8.25

Market: AIM
Market Cap: £20.14 m

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