Medstone to Report Loss: Irvine-based Medstone International...
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Medstone to Report Loss: Irvine-based Medstone International said Wednesday it will post a loss for its third quarter ended Sept. 30 because of the voluntary cessation of shipment of its lithotripters. The company stopped distribution of the machines, which use shock waves to disintegrate kidney stones, because of non-compliance with reporting and technical standards of the U.S. Food and Drug Administration. The company, which did not specify its quarterly loss, said it has received FDA approval to resume shipment of the equipment.
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