Penumbra (NYSE:PEN) said today it paid $9.4 million (EU €8.2 million) for all outstanding shares of Italian Crossmed S.p.a., which operated as the company’s exclusive distributor in Italy, San Marino and the Vatican. Alameda, Calif.-based Penumbra said that with the acquisition, Crossmed is now a wholly-owned subsidiary of the company. Penumbra added that there are no […]
Distribution
ReWalk Robotics inks French distro deal with Harmonie Médical Service
ReWalk Robotics (NSDQ:RWLK) said today it inked an exclusive French distribution deal with Harmonie Médical Service. Through the deal, HMS will operate as sole distributor of the ReWalk exoskeleton systems for individuals with spinal cord injuries in France. The deal includes both the ReWalk Personal and ReWalk Rehabilitation systems for home and clinical use, respectively. “Our partnership […]
SICPA aims to arm companies against counterfeit drugs, devices
Counterfeit drugs and medical devices are a pervasive problem for the pharmaceutical industry and for consumers. It’s an issue that affects countries around the world, according to SICPA, a firm that has developed secured identification and traceability solutions for companies to assess and manage risks to their products. “In places like Sub-Saharan Africa, 30-40% of […]
Elekta taps Brainlab as select EU distro partner for stereotactic neuro devices
Elekta (STO:EKTA B) said today it tapped Brainlab to distribute its stereotactic neurological devices across select markets in the European Union. The distribution agreement covers Elekta’s Leksell Vantage Steretactic target localization and coordinate referencing neurosurgery system, the company said, which received CE Mark approval in the EU in March. The device is currently pending 510(k) clearance […]
Sanuwave Health taps Lithomed as Taiwanese ortho distributor
Sanuwave Health (OTC:SNWV) said today it tapped Lithomed as its orthopedic product distributor in Taiwan. Suwanee, Ga.-based Sanuwave said the selection of Lithomed was the result of an extensive search in the region, and that the contract comes with a minimum order value of $500,000. “Sanuwave has committed to deliver 3-5 new distribution partners in the second […]
Schein closes buyout of distributor Southern Anesthesia + Surgical
Henry Schein (NSDQ:HSIC) said today it closed its acquisition of Southern Anesthesia + Surgical for an undisclosed amount. Southern Anesthasia + Surgical is a US distributor of anesthesia and surgical supplies to oral surgeons, dental anesthesiologists and periodontists, Melville, N.Y.-based Henry Schein said. The company offers controlled and non-controlled pharmaceuticals and surgical supplies to approximately 11,500 […]
InspireMD inks German CGuard EPS distribution deal
InspireMD (NYSE:NSPR) said today it inked a German distribution deal with AB medica Deutschland GmbH. Through the deal, AB medica will gain the rights to distribute the company’s CGuard EPS embolic prevention system in the region, the Israel-based company said. “AB medica GmbH is probably the leading distributor in the peripheral and vascular medical devices sector in […]
Straumann inks distro deal, ups stake in Rodo Medical
Dental device developer Rodo Medical said today that it entered into a new distribution agreement with Straumann Holding, which has increased its stake in Rodo Medical from 12% to 30% for an undisclosed sum. The agreement will provide Straumann with exclusive distribution rights outside of North America and South Korea with an option to increase […]
Titan Medical spikes talks with Chinese distributor
Titan Medical (CVE:TMD) said today that it’s spiking talks with Chinese distributor Longtai Medical over its Sport robot-assisted surgery platform so it can focus on winning regulatory approvals in the U.S. and Europe. Back in October 2015, Toronto-based Titan inked a private placement deal with Longtai, a subsidiary of Chinese medical device distributor Ningbo Long Hengtai International Trade […]
7D Surgical inks US distro deals for spinal surgery system
Canadian medical device firm 7D Surgical said today it inked exclusive US distribution deals with Surgical One and DB Surgical. Through the deal, Surgical One will cover sales of the devices in several states from the Midwest to the Gulf Coast, while DB Surgical will cover the southeast US, including Florida. “When Surgical One learned about the […]
K2M inks Down Under distro deal with LifeHealthcare
K2M (NSDQ:KTWO) said today it inked a 5-year supply and distribution agreement with LifeHealthcare Group for Australia and New Zealand. The deal will position LifeHealthcare Group to distribute its spinal technologies in the 2 regions, the Leesburg, Va.-based company said. The companies held a previous partnership deal originally inked in 2010. “I am very pleased to […]