Imagyn Medical Shares Plummet 25%
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NEWPORT BEACH — Imagyn Medical Technologies stock tumbled 25% Tuesday, a day after the surgical device maker cautioned that it will post a bigger-than-expected loss for its latest quarter. Imagyn said sales were hurt by a delay in the market launch of several new product lines and competitive pressures in the urology product market.
The stock dropped 69 cents a share to $2.06 on the Nasdaq market.
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