Patient Safety Technologies, Inc. (PSTX) Announces Financial Results for Second Quarter of 2011
Patient Safety Technologies, Inc., a company that engages in the development, marketing, and sale of products and services focused on the medical patient safety markets in the United States, released its financial results for the second quarter of 2011. During the quarter, the number of institutions that utilize the Company’s SurgiCount Safety-Sponge® System exceeded 70 and the Company did not lose any customers. This compares to approximately 52 institutions utilizing the solution at the end of the second quarter of 2010. Although it is not exactly proportional to the reported revenue, the number of hospitals using the Company’s products is…