ImpediMed Limited Board changes

Board changes: ImpediMed Limited (ASX: IPD) stock lost over 7.3% on January 18, 2017. Ms Elizabeth Gaines is set to retire from the group’s Board on February 03, 2017 and is getting appointed as the Chief Financial Officer at Fortescue Metals Group Limited from next month. On the other side, the group’s revenues from oncology rose 60% in FY16 against the prior year. The group is positioning itself to address the market opportunity from lymphedema while establishing BIS technology as the gold standard for measuring fluid balance, body composition and hydration. IPD’s core products, SOZO device scans and L-Dex lymphedema detection product promises solid potential on a long-term basis    

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