Retractable syringe on sale here soon
A RETRACTABLE syringe that is the brainchild of a former Tannum Sands man will go on sale soon.
Bruce Kiehne, now based in Brisbane as a director of Australian Stock Exchange-listed Occupational and Medical Innovations Limited (OMI), a company he founded as a result of the invention, has just returned from China where mass manufacture of the retractable syringe is about to start.
OMI has entered into a joint venture arrangement with Chinese manufacturer China Medical Incorporated to make one, three, five and 10ml retractable syringes with the first test batch of the product producing positive results.
Mr Kiehne said development of the retractable syringes had been a 'long, slow and trying'' process and one that had led to the company changing direction from a research and development concern to that of a manufacturer.
"We had to go into manufacturing because the multinationals would not take the needles on board, despite being keen on our idea,' Mr Kiehne said.
'Our only real option was to tackle them head on and now they are keen to get on board.
'We've decided to launch and distribute in Australia first, which is pretty exciting. 'This has been a long, costly process. Most recently, the greatest difficulty we've had is developing equipment that will mass produce the needles at a rate of six units per second ? the rate needed for them to be cost viable.' Mr Kiehne said OMI was also ready to launch a modified version of its OMI scalpel into the United States through the ASR Industrial Medical Group, and market testing and registration of the product had begun in Asia.
In the past year, OMI shares have ranged from a high of $1.95 to a low of 35 cents and closed yesterday at 50 cents.