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Admedus director steps down

Australia's Admedus Ltd. said Mathew Ratty resigned as a director of the company due to other commitments.

Ratty, who recently became CEO for Tech Mpire Ltd., will not stand for re-election at Admedus' annual meeting May 24. The company will search for an additional director to replace Ratty.

Admedus develops and sells healthcare technologies and devices for treating heart diseases, among others.