QualityStocks News - Misonix Enters New Three-Year Distribution Agreement for Baltic Countries

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Exclusive distribution agreement is with Apex Medicus.

[Agreement] fills one of our remaining coverage gaps [in Europe].

QualityStocks would like to highlight Misonix, a publicly traded surgical device company that designs, manufactures, and markets innovative therapeutic ultrasonic products worldwide. The company’s products are used for spine surgery, skull-based surgery, neurosurgery, cosmetic surgery, laparoscopic surgery, and other surgical applications. The combined market that the company serves is estimated to be $3 billion annually.

In the company’s news yesterday,

Misonix announced that it has entered into a new, three-year, exclusive distribution agreement with Apex Medicus, which is based in Vilnius, Lithuania, for the distribution of the company’s SonaStar Ultrasonic Surgical Aspirator and the BoneScapel Ultrasonic Bone Cutter. The agreement grants Apex with the right to sell products throughout the Baltic countries of Lithuania, Latvia, and Estonia.

Apex Medicus is well established in neurosurgery and skull-based surgery and has earned a reputation for successfully introducing high-tech products to the Baltic countries. The agreement between Misonix and Apex Medicus calls for Apex to purchase certain minimum amounts of SonaStar and BoneScapel annually.

The SonaStar is used by neurosurgeons and general surgeons for quick and efficient removal of both hard and soft tumors while sparing most vessels. The BoneScapel is a tissue specific osteotomy device capable of making precise cuts through bone and hard tissue while largely preserving delicate soft tissue structures.

This agreement is another step in Misonix’s plan to become a leading global provider of surgical instruments. The partnership with Apex Medicus, in the words of its CEO Michael A. McManus Jr., “fills one of our remaining coverage gaps [in Europe].”

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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