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SinoMed Surges as FDA Grants Breakthrough Status to New Stent System

Summary by Digital Phablet
Shares of a Chinese medical technology company soared to their maximum daily trading limit after announcing that the U.S. Food and Drug Administration had granted Breakthrough Device Designation to two of its medical devices. Among these is the world’s first stent system designed specifically for treating intracranial atherosclerotic stenosis, offering renewed hope to millions worldwide who are recovering from strokes. The company’s stock closed…
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Digital Phablet broke the news in on Thursday, August 7, 2025.
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