Alcon, Advanced Medical Optics and Kinetic Concepts are among a few medical-device makers that have bucked the trend in their industry and fared well under the recent economic downturn. Alcon, which makes eye-surgery devices and drugs, did well enough to attract a 25 percent investment by Novartis of Switzerland. Advanced Medical, which makes eye-correction systems, drew attention from Abbott Laboratories, which bought the company. Kinetic Concepts has moved into a similar position, according to a key Wall Street analyst. (Click here for more – a subscription may be required)
“Best On The Street Stock Analysts: Medical Equipment” – Wall Street Journal (5/25/10)
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