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BRIEF-Lombard Medical announces completion of restructuring, implementation of strategic plan
September 13, 2017 / 8:10 AM / 7 days ago

BRIEF-Lombard Medical announces completion of restructuring, implementation of strategic plan

Sept 13 (Reuters) - Lombard Medical Inc

* Lombard Medical announces completion of restructuring and implementation of strategic plan to achieve profitability

* Restructuring program anticipated to result in reduction of nearly $12 million in operating expenses in 2018 when compared to 2016 levels

* Pose intentions to expand into additional geographies internationally in second half of 2018

* Sales in japan continue to increase, and expect to gain a further 2% market share this year

* Lombard will achieve industry standard gross margins within next 24 months Source text for Eikon: Further company coverage:

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