Proactive Investors - Run By Investors For Investors

Admedus extends successful distribution deal for medication delivery pumps

The company’s shares are in trading halt since August 2, 2018, pending news of a capital raising.
ambIT infusion product
Products that deliver better outcomes for patients

Admedus Ltd (ASX:AHZ) has renewed its exclusive distribution agreement with Utah-based Summit Medical Products Inc for a further eight years.

The updated arrangement confirms the long-standing relationship between the two companies, which began in 2007, and secures a key component of Admedus’ infusion supply chain.

Under the terms of the extended agreement, Admedus remains the exclusive distributor of Summit’s ambIT® infusion products in Australia and New Zealand until 2026.

The range of ambIT infusion pumps are suitable for the delivery of medications and pain relief.

 

Admedus head of infusion Glenn Gilchrist said: “Admedus has enjoyed a long and successful partnership with Summit Medical and we are delighted to renew this commitment for another eight years.

“Our team is proud to represent Summit’s range of innovative ambIT products that deliver better outcomes for patients and add significant value to our infusion portfolio.”

READ: Admedus has capital raising news imminent, granted ASX trading halt

The company’s shares are in trading halt since August 2, 2018, pending news of a capital raising.

Admedus expects the suspension to last until the earlier of the commencement of normal trading on August 13, 2018,  or the release of an announcement by the company.

READ: Admedus signs exclusive distribution agreement in Italy for its unique heart tissue product

Last month, the company signed an exclusive distribution agreement with Medical Instruments S.p.A. to market and distribute its clinically-superior ADAPT® technology in Italy.

Under the agreement, Medical Instruments will initially distribute Admedus’ non-toxic and non-calcifying flagship ADAPT bio-scaffold CardioCel®.

The bio-scaffold is used to repair congenital heart deformities and more complex heart defects. It is also used to reconstruct dysfunctional heart valves and valve leaflets.

View full AHZ profile View Profile

Admedus Ltd Timeline

Newswire
November 01 2018

Related Articles

scientist in lab
September 07 2018
Normally, patients have to wait until regulators have approved a drug before they get access to it, but up to 500 lupus sufferers will receive Lupuzor as part of a Managed Access Programme
researcher filling a tray of samples
December 14 2018
The company has two clinical trials underway and is well funded to achieve its immediate ambitions
Woman sneezing
September 27 2018
"We look forward to the exciting developments in our early pipeline planned for 2019, and we expect to continue to grow our European business while progressing towards US and German registration for our lead products," said company chairman, Peter Jensen

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use