MedPro Safety Products Inc. (MPSP) Slims Q2 Net Loss, Anticipates Continued Growth
MedPro Safety Products Inc., developer of medication delivery and blood collection technologies, today issued a release highlighting key financial achievements for the second quarter ended June 30, 2011. Royalty payments played an integral role in the MedPro’s second-quarter performance, and the company said it anticipates additional product royalty payments in the future. For the second quarter of 2011, the company received $631,000 in product royalty income from a six-year agreement signed in July 2010 granting manufacturing and distribution rights for three MedPro blood collection and infusion products to a strategic medical products distribution partner. Year to date, product royalty income…