Brief: Sedana Medical Signs Distribution Deal With Chinese Distributor

Sedana Medical AB (publ)

03/06/2019 07:38

June 3 (Reuters) - Sedana Medical AB (publ)  SEDANA.ST :
    * SEDANA MEDICAL ENTERS CHINA - SIGNS WITH CHINESE
DISTRIBUTOR
    * 10-YEAR EXCLUSIVE DISTRIBUTION AGREEMENT WITH CHINESE
DISTRIBUTOR KYUAN XINHAI MEDICAL
    * KYUAN WILL IMMEDIATELY COMMENCE FAST-TRACK REGISTRATION OF
ANACONDA IN CHINA
    * KYUAN  ESTIMATES APPROVAL WILL BE OBTAINED IN LESS THAN
TWO
YEARS
    * KYUAN HAVE COMMITTED TO AN INITIAL FRAME ORDER OF SEK 16
MILLION
WHICH WILL BE PLACED IMMEDIATELY AFTER REGISTRATION IS OBTAINED
    * CHINESE MARKET POTENTIAL FOR SEDATION IN INTENSIVE CARE IS
ESTIMATED TO BE 5 TO 6 MILLION VENTILATION DAYS ANNUALLY
    * KYUAN HAVE COMMITTED TO AN INITIAL FRAME ORDER OF SEK 16
MILLION
    * SEES TOTAL MARKET POTENTIAL IN INHALED SEDATION IN
INTENSIVE
CARE IS SEK 20-30 BILLION ANNUALLY VERSUS PREVIOUS SEK 10-20
BILLION

Source text for Eikon:  ID:nWkr681hS5 
Further company coverage:  SEDANA.ST 

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