KORU Medical Systems Announces Successful Appeal In EU Notified Body Review
Portfolio Pulse from Benzinga Newsdesk
KORU Medical Systems, Inc. (KRMD) announced a successful appeal in its ongoing audit by the EU's notified body, The British Standards Institute (BSI), allowing it to continue selling its products in the EU without interruption. The appeal was related to a recommendation against continued certification due to prior audit nonconformance, but the company's swift response led to a positive outcome. This ensures that KORU Medical's products remain certified, marketed, and sold in the EU, supporting the company's international business expansion.
April 11, 2024 | 8:08 pm
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KORU Medical Systems successfully appealed a recommendation against continued certification by the BSI, ensuring uninterrupted sales of its products in the EU.
The successful appeal against the BSI's recommendation is a significant positive development for KRMD. It removes the risk of sales interruption in the EU, a key market for the company. This outcome not only ensures the continued certification and sale of KORU Medical's products in the EU but also supports the company's strategy for international expansion. The news is likely to be viewed positively by investors, as it demonstrates the company's ability to effectively manage regulatory challenges and maintain its market presence in the EU.
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