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With stock value up 51 percent, is Mindray too pricey?

by Thomas Dworetzky, Contributing Reporter | July 16, 2019
Business Affairs

In April, Mindray made news when it announced that it had hit a milestone of installing 1,000 TE7 portable ultrasounds in North America.

“We are pleased to announce we have reached a significant milestone in our popular TE7 platform, with the sale of the 1000th system,” said Maher Elhihi, director of ultrasound marketing, Mindray. “Like other Mindray systems, the TE7 system recently underwent a substantial upgrade, which enhanced image quality and functionality. This allows our customers to stay at the cutting-edge in imaging technology and recognize excellent value for their investment.”

The system is based on Mindray’s Living Technology.

“The power of our Living Technology is to enable feature and functionality migration throughout our platform base,” noted Elhihi. “From our premium cart-based to our point-of-care systems, we are cross-leveraging advances through significant R&D efforts to keep our clinical partners at state-of-the-art ultrasound imaging capabilities.”

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