Misonix Announces New Distribution Agreement for India
FARMINGDALE, N.Y., Nov. 14, 2011 /PRNewswire/ --- Misonix, Inc. (NASDAQ: MSON), a medical device company that designs, manufactures, and markets ultrasonic products worldwide for wound debridement, spinal surgery, cosmetic surgery, neurosurgery, laparoscopic and other surgical and medical applications, has entered into a new, four year, exclusive distribution agreement with Cure Surgicals, based in New Delhi, India, for the distribution of the SonaStar® Ultrasonic Surgical Aspirator and the BoneScalpel™ Ultrasonic Bone Cutter. The agreement provides Cure Surgicals with the right to sell throughout India. Included in the agreement are annual minimum purchase requirements. Initial product training is complete and open market sales have begun.
Cure Surgicals has successful experience with launching state-of-the-art products and, in conjunction with Misonix, has begun holding physician training sessions throughout India aimed at acquainting the clinical community with the Company's unique technology. Three of these meetings have been held to date, all in major cities, with more than 75 surgeons in attendance.
The SonaStar is used by Neuro and General Surgeons for quick and efficient removal of both hard and soft tumors while sparing most vessels. In addition, OsteoSculpt™ bone sculpting technology can be employed with the SonaStar to safely remove osseous structures, thus providing access to the surgical site.
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 danger associated with rotary sharps.
"Misonix is excited to have Cure Surgicals representing our products in this large and important South Asian market. Their reputation as an aggressive distributor of advanced medical devices in India is well known to us," said Michael A. McManus, Jr., President and Chief Executive Officer of Misonix. "Their approach to educating the Indian clinical community as to the value of therapeutic ultrasound technology mirrors that of Mixonix in other key markets.. We are particularly pleased that they will be selling two of our key products through their well established distribution network in India."
About Misonix:
Misonix, Inc. designs, develops, manufactures and markets therapeutic ultrasonic medical devices. 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. Additional information is available on the Company's Web site at www.misonix.com.
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.
Investor Relations Contact:
Kevin McGrath/Cameron Associates, Inc.
212-245-4577
[email protected]
SOURCE Misonix, Inc.
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