ResMed Inc (ASX: RMD) is a United States based business that develops and manufactures medical devices to help people with sleep apnea, chronic obstructive pulmonary disease (COPD) and other chronic diseases. ResMed, which is short for Respiratory Medicine, was founded in 1989 by Dr Peter Farrell and now helps customers & patients in over 120 countries.
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The S&P/ASX 200 (ASX:XJO) finished the week and the month on a negative note as Macquarie (ASX:MQG) and Vulcan (ASX:VUL) shares made headlines.
The Resmed CDI (ASX: RMD) share price has launched into the green this morning after the business delivered its first quarter update.
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