The Medical Developments International (ASX:MVP) share price is jumping 7% today

The Medical Developments International Ltd (ASX: MVP) share price has been a strong performer on Monday.

In afternoon trade, the medical device company’s shares are up 7% to $5.37.

Why is the Medical Developments International share price charging higher?

Investors have been buying Medical Developments International shares on Monday following the release of a roadshow presentation.

Within the presentation, the company acknowledged that current results are challenging because of COVID-19 but notes that it is investing for the future.

In respect to its results, Medical Developments International recently posted a sharp reduction in profit during the first half of FY 2021.

This was driven partly by lower sales of Penthrox, also…