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Mauna Kea Sales Decline in 2015

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Global medical device company Mauna Kea Technologies ended its 2015 fiscal year with a 22 percent decline from its 2014 sales. "Following our announcement on October 8 of the company's intent to modify its commercialization strategy, we anticipated a dilution of sales productivity as the global leadership team and regional sales leaders worked to implement our new strategy,” said Sacha Loiseau, founder and CEO of Mauna Kea. Sales in the Americas declined by 10 percent, with Mauna Kea citing the absence of sales in Brazil and its sluggish economy, compounded by a general...Read full article

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