Interventional device developer Medrad of Indianola, PA, reported 2004 sales revenues of $344 million, a 17% increase compared to the $294 million posted for 2003. The company has reported a 15% average growth rate for more than 10 years.
The company, an affiliate of Schering in Germany, also said that its employee base grew 9.6% in 2004, adding 121 for a total of 1,375 employees at year end.
By AuntMinnie.com staff writers
March 9, 2005
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