Covalon Tech said today it won a $7.6 million 12-month supply contract with the Ministry of Health facilities in Saudi Arabia to supply the country with its ColActive Plus and ColActive Plus Ag wound care dressings.
The Mississauga, Canada-based company said the contract was won after a “highly competitive bidding process” that selected Covalon as its exclusive advanced collagen wound dressing supplier.
“This win is a huge breakthrough for Covalon and will have significantly positive implications for us worldwide, not just in Saudi Arabia and the Middle East. This major win clearly demonstrates that Covalon’s growth plan is working. The Saudi Arabian key opinion leaders selected our product because of their efficacy in helping to heal chronic, diabetic wounds. To be able to win this highly prized competition in Saudi Arabia clearly demonstrates how amazing Covalon’s wound care technology really is,” CEO Brian Pedlar said in a press release.
The 1-year contract is expected to commence within the next 4 months, Covalon said.