Healthcare News
Misonix Announces New Distribution Agreement for Scandinavia
Farmingdale, New York, Thursday 4 Feb, 2010
Misonix, Inc. (Nasdaq: MSON), a developer of minimally invasive
ultrasonic medical device technology, which in Europe is used for the
ablation of tumors and worldwide for other acute health conditions, has
entered into a new, three year, exclusive distribution agreement with
Hemax Medical, based in Hvidovre, Denmark, for the distribution of the BoneScalpel™
Ultrasonic Bone Cutter.
The agreement provides Hemax Medical with the rights to sell in Denmark,
Norway, and Sweden, and includes minimum purchase requirements.
Hemax Medical is well known as an innovative market leader, having built
a reputation as a distributor of state-of-the-art medical devices and
capital equipment, with special emphasis in neuro and spine surgery.
The BoneScalpel is a tissue specific osteotomy device capable of
making precise cuts through bone and hard tissue while largely
preserving delicate soft tissue structures. It offers the convenience
and speed of a power instrument without the potential hazards associated
with rotary sharps.
"Misonix welcomes Hemax Medical to our rapidly expanding sales and
distribution organization in Europe. Hemax comes to us with an
established reputation as a top tier distributor of advanced medical
equipment in Scandinavia," said Michael A. McManus, Jr., President
and Chief Executive Officer of Misonix.
About Misonix:
Misonix, Inc. designs, develops, manufactures and markets therapeutic
ultrasonic medical devices and laboratory equipment. Misonix's
therapeutic ultrasonic platform is the basis for several innovative
medical technologies. Addressing a combined market estimated to be in
excess of $3 billion annually; Misonix's proprietary ultrasonic medical
devices are used for wound debridement, cosmetic surgery, neurosurgery,
laparoscopic surgery, and other surgical and medical applications.
With the exception of historical information contained in this press
release, content herein may contain "forward looking statements" that
are made pursuant to the Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995. These statements are based on
management's current expectations and are subject to uncertainty and
changes in circumstances. Investors are cautioned that forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from the statements made. These factors
include general economic conditions, delays and risks associated with
the performance of contracts, risks associated with international sales
and currency fluctuations, uncertainties as a result of research and
development, acceptable results from clinical studies, including
publication of results and patient/procedure data with varying levels of
statistical relevancy, risks involved in introducing and marketing new
products, potential acquisitions, consumer and industry acceptance,
litigation and/or court proceedings, including the timing and monetary
requirements of such activities, the timing of finding strategic
partners and implementing such relationships, regulatory risks
including approval of pending and/or contemplated 510(k) filings, the
ability to achieve and maintain profitability in the Company's business
lines, and other factors discussed in the Company's Annual Report on
Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports
on Form 8-K. The Company disclaims any obligation to update its
forward-looking relationships.
Contact:
Kevin McGrath/Cameron Associates, Inc.
212-245-4577
Kevin@cameronassoc.com
Source: Misonix, Inc.