ASX Announcement: Supply Agreement for Respiratory Products in the UK
Medical Developments International (MVP) is delighted to advise it has entered into an exclusive agreement with PSUK to supply its range of respiratory devices in the UK.
The agreement includes minimum quantities for the next 3 years that will drive ongoing sales growth of MVP respiratory devices in the UK.
PSUK’s parent company, Phoenix Healthcare Distribution Ltd, is the third largest pharmaceutical and medical device wholesaler in the UK and Europe’s largest.
MVP’s CEO Mr John Sharman said “the agreement represents a substantial commercial opportunity to grow our business in the UK. PSUK supply the majority of doctors and pharmacies in the UK with medical devices. This is a significant opportunity for MVP and further validation of our world class range of Respiratory Medical Devices. We are now in a position where we have a quality partner who can aggressively win market share in the UK and we expect over time sales volumes will be significant.”
Mr Sharman also reported that MVP has just made its first sales into Belgium and the Netherlands. “On top of distribution agreements for Italy and Greece signed this year, we now have building blocks in place for a solid business in Europe”, he said.