29 March 2019

Interrad Makes Progress as it Prepares for Strategic Engagements

Interrad Medical's subcutaneous catheter securement device, SecurAcath, is rapidly becoming the standard of care in hospitals of NHS England and in leading hospitals around the world.

 

In June 2017 NICE issued guidance in favour of the use of SecurAcath.  In March 2018 by SecurAcath was selected for funding by NHS England’s ITP central procurement programme. Only four out of more than 250 applications were successful. This month SecurAcath was included in the 2019-20 Commissioning for Quality and Innovation framework (CQUIN). This is a system introduced in 2009 to make a proportion of healthcare providers' income conditional on demonstrating improvements in quality and innovation in specified areas of care. CQUIN’s 2019-20 publication specifies that SecurAcath is to be used as a replacement for adhesive securement devices, which include Bard Medical’s StatLock.

 

LGB acted as European placement agent in Interrad’s $7.5m equity fundraising in 2014 and in the company’s issuance of $7.5m loan notes in 2017/18. LGB is currently arranging the placement of a new series of notes and is advising the company on its engagement with strategic counterparties.  

Recent Articles

29 April 2019

AIM for growth businesses looking to scale up is still an option

Ivan Sedgwick, Investments Director at LGB & Co. Limited, wrote an article for Growth Business on why AIM needs to attract institutional interest and improve transparency and governance.

 

Read more

News & Insights

16 April 2019

Fixed Income Investment for Uncertain Times

Simone Westerhuis, Director of LGB Investments, discusses the fixed income terrain and how different sectors will fare in uncertain economic times.

 

Read more

News & Insights

29 March 2019

Interrad Makes Progress as it Prepares for Strategic Engagements

Interrad Medical's subcutaneous catheter securement device, SecurAcath, is rapidly becoming the standard of care in hospitals of NHS England and in leading hospitals around the world.

 

Read more

Deals