It looks like a company called Medicvision under the code PBI, has been developing a training and testing simulator for Cochlear to allow more technicians to insert more implants. COH inserted 8,000 implants but is struggling to keep up with demand with over 70% market share and a rapidly growing market.
PBI simulator was developed with a dual director Dr John Parker with is Cochlears Chief Technical Officer on the main board and is also on the PBI board. PBI is struggling of late due to being a small market cap, but it is just about to start selling these simulators so Cochlear can train more technicians and sell more implants.
What a bargin, PBI is at a real discount when you consider its synergies with COH.
COH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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