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InspireMD establishes CGuard distribution in South Korea

Published 02/22/2018, 10:32 AM
© Reuters.  InspireMD establishes CGuard distribution in South Korea
NSPR
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  • InspireMD (NSPR -1.2%) inks an agreement with South Korea's Solvit Medical for the distribution of its CGuard Embolic Protection System there subsequent to regulatory approval.
  • Under the terms of the deal, Solvit will be responsible for the regulatory and reimbursement applications in South Korea. If all goes well, commercial sales should commence in Q2 2019. The agreement will extend for five years after regulatory approval.
  • Financial terms are not disclosed.
  • Shares are currently under a volatility halt.
  • Now read: Provectus updates on PV-10 in GI cancer; shares up 3%


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