that means nothing, company released press stating they have 5 FDA approved products. you do not know what you are looking for :)
if they are lying you should contact the sec, as that would be illegal other wise claims of non existing FDA approved product is nothing more than useless rhetoric.
maybe you did'nt see the news.
FRTD: Acquires 5 FDA approved Medical Products...
Fortitude Group Inc. Announces the Acquisition of Legacy Life Science (L2S)
ERIE, Pa., Jan 29, 2013 (BUSINESS WIRE) -- Fortitude Group Inc., (Symbol FRTD) CEO Thomas Parilla today introduces its first acquisition to its medical division, Legacy Life Science (L2S).
The L2S premium product portfolio contains the Comprehensive Airway Management System consisting of five, patented FDA approved products ready for worldwide distribution and sales. The Comprehensive Airway Management System is engineered to significantly reduce and prevent respiratory distress in the perioperative procedural sedation environment (anesthesia). A common scenario in peri-operative procedural sedation involves degradation of patient airway monitoring and management; and therefore, constitutes the designation as a Hospital Acquired Condition or (HAC) for respiratory related distress. Current standard of care is insufficient, the result:
-- 1M annual pulmonary complications after surgical procedures in the U.S.
-- 350,000 respiratory arrests annually from complications and over 46,200 deaths
-- 3M added patient days, resulting in 2M added ICU days and over $12 billion
Eighty percent of complications during anesthesia are due to airway mishaps and respiratory distress(i.e., obstruction and/or closure). A recent market designation of capnography as a "standard of care" by the American Society of Anesthesiologists (ASA) and other professional organizations clearly recognize the growing importance to protect patients from respiratory events leading to death, these respiratory events are categorized as HAC(s). The L2S Comprehensive Airway Management System meets the new ASA Standards.
The total annual US market includes the hospital inpatient $1.05 billion dollars and hospital outpatient $855 million dollars. Due to the clinical application of the new American Society of Anesthesiologists (ASA) guidelines, business analysts predict the market will double by 2017 and exceed $4 billion dollars.
Fortitude Group Inc., President Christopher J. Cuzzola commented, "Dr. Colantonio and I are very familiar with this product line. We understand the important role the Comprehensive Airway Management System plays in saving patient lives and improving clinical outcomes while meeting the new ASA Guidelines. "We're very excited about the growth prospects within our Life Science Division, and shareholders can expect additional updates to follow in the very near future"
