ResMed Inc. (NYSE:RMD) announced the launch of new nasal mask – The Swift FX Nano


Dallas, Texas 09/04/2013 (Financialstrend) – ResMed Inc. (NYSE:RMD) had recently announced the launch of new nasal mask, the Swift FX Nano for use in the treatment of positive airway pressure therapy. This leading developer of products for use in the treatment of sleep disordered respiratory and breathing conditions had now launched this product for use in the markets throughout the United States, which proves to be a significant breakthrough in the nasal mask category. This new nasal mask had been designed by combining the headgear design of the nasal pillows mask and the superior seal of the nasal mask and thereby proves efficient to the users and occupies lesser space compared to the traditional nasal masks.

The nasal mask of ResMed Inc. also has the benefit of being small and highly unobtrusive without the need for any rigid frames or the support on the forehead. The mask is also loaded with a set it and forget it headgear which makes it highly easier to fit the mask as it is provided only with two main points of adjustment. In addition, the mask is also loaded with the lock and key assembly to provide for effective attaching and detaching of the headgear.

Shares of ResMed Inc. (NYSE:RMD) gained on Tuesday to close at $47.49 per share, an increase of 0.53% over the previous close. The stock prices for the day traded in the range of $47.18 to $47.91 per share. For the past 52 weeks, the stock had presented low price at $37.31 and high price at $51.40 per share. The stock managed to pull in around 1.26 million trades on Tuesday, while the average level for the past 30 days of trading is at 1.02 million shares per day. There are presently 142.05 million outstanding shares for the company and the institutional ownership is at 59%.