Replies to post #23699 on CytoSorbents Corporation (CTSO)

[techxen]

Medtronic, one of the largest device makers in the world and has one of the higher gross margins in the industry is only 67% this year. 10 years ago it was 10 pct points higher but has been steadily declining.

CTSO's gross margin has been steadily increasing. A lot of this has to do with operational efficiencies (which by the way can be partially attributed to the management team).