Medical devices maker Clearstream reports rise in first-half losses

CLEARSTREAM, the Wexford-based medical devices maker, has reported higher first-half losses.

The company, listed on the London’s stock market’s junior exchange AIM, made a pre-tax loss of €1.4 million in the six months to end January 2008, up from €1.2m in the previous year.

ClearStream, which makes stents and catheters, used to clear clogged arteries, said the increased losses was the result of a reduction programme involving both voluntary and enforced redundancies, which set the company back €142,000.