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Patient Safety Technologies, Inc. - Company Profile Snapshot

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Company Profile: Patient Safety Technologies, Inc.
Ticker: PSTXE
Exchanges: OTC
2008 Sales: 2,780,000
Major Industry: Drugs, Cosmetics & Health Care
Sub Industry: Ethical Drug Manufacturers
Country: UNITED STATES
Employees: 7

Business Description
Patient Safety Technologies, Inc.. The Group's principal activities are to develop, manufacture and distribute products and services focused primarily in the health care and medical products field, particularly the patient safety markets. The Group's operations are conducted through its wholly-owned operating subsidiary, SurgiCount Medical Inc. SurgiCount's Safety-Sponge System is designed to reduce the number of retained sponges and towels unintentionally left in patients during surgical procedures by allowing faster and more accurate counting of surgical sponges. The Group will also typically conduct a product validation event in which a subset of hospital clinicians are trained and use the system on a suitable number of cases to understand the functionality and integration requirements to adopt use of the SurgiCount system hospital wide. It operates in the United States and Europe.

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