Inspiration Healthcare Group PLC (LON:IHC) has won an order worth more than £1.25mln to supply ventilators to China.
The medtech company said the new order follows on from the regulatory approval received from the Chinese National Medical Products Administration (NMPA) announced on 21 April 2021 for the company’s SLE6000 model and is in addition to the order announced at that time, whose value totalled about £250,000.
"We are delighted to be making such strong progress in China within such a short space of time since receiving regulatory approval and this new order certainly helps to strengthen the outlook for the group going forward. As I have stated previously, China represents a significant growth opportunity and, whilst this order does not change our expected outcome for the year, it is another boost to our confidence as we continue to develop Inspiration Healthcare's position in this important market,” said Neil Campbell, the chief executive of Inspiration Healthcare.