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KOMISJA NADZORU FINANSOWEGO |
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Raport bieżący nr |
8 |
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2020 |
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Data sporządzenia: |
2020-02-25 |
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Skrócona nazwa emitenta |
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MILESTONE MEDICAL |
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Temat |
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The Update on The Partnership with RedOne Medical |
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Podstawa prawna |
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Art. 17 ust. 1 MAR - informacje poufne.
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Treść raportu: |
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The Board of Directors of Milestone Medical Inc. _WAR: MMD, “the Company", “the Issuer"_,
today
provided an update on its partnership with RedOne Medical, a leading medical device
distributor and wholesaler serving the Department of Veterans Affairs _VA_ medical
centers and the Department of Defense _DoD_ hospitals, to distribute the CompuFlo
Epidural System. As previously announced on December 13, 2019, Milestone Medical
announced that it was partnering with RedOne Medical. The Company fully intends to
move forward with this relationship; however, the formal initiation of the partnership
has been delayed due to specific government requirements with respect to components
originated from, but purchased outside, the People’s Republic of China. The Board
of Directors of the Issuer expects to be in a position to comply with such requirements
in the near future.
Although the rollout of our CompuFlo Epidural System with RedOne was delayed due to
factors outside the control of the Issuer, The Board of Directors of the Company remains
excited about the collaboration and opportunity to deploy the CompuFlo Epidural System
within Department of Veterans Affairs medical centers and Department of Defense hospitals,
both of which represent a significant market opportunity for the Company. The Board
of Directors of the Issuer looks forward to providing further updates as developments
unfold.
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RB_ASO: The Update on The Partnership with RedOne Medical
