NanoVibronix Takes Next Step to Partner with Specialist Urology Company to Expand Sales of UroShield in Germany
NanoVibronix (NASDAQ: NAOV) has signed a non-binding term sheet for a license and supply agreement with APOGEPHA Arzneimittel GmbH, a German pharmaceutical company specializing in urology products. The agreement aims to distribute UroShield throughout Europe. UroShield is an ultrasound-based device designed to prevent bacterial colonization and biofilm on indwelling urinary catheters, potentially reducing catheter-associated urinary tract infections (CAUTI) and associated pain.
Brian Murphy, CEO of NanoVibronix, expressed enthusiasm about partnering with APOGEPHA, citing their leadership in urology and large sales and marketing team as key factors for accelerating UroShield sales in Germany. Dr. Dirk Pamperin, Chairman of APOGEPHA's Management Board, stated their commitment to offering high-quality urological products and their confidence in UroShield's ability to support patients with long-term catheters.
NanoVibronix (NASDAQ: NAOV) ha firmato un accordo preliminare non vincolante per un contratto di licenza e fornitura con APOGEPHA Arzneimittel GmbH, un'azienda farmaceutica tedesca specializzata in prodotti urologici. L'accordo mira a distribuire UroShield in tutta Europa. UroShield è un dispositivo basato su ultrasuoni progettato per prevenire la colonizzazione batterica e il biofilm sui cateteri urinari permanenti, potenzialmente riducendo le infezioni del tratto urinario associate ai cateteri (CAUTI) e il dolore correlato.
Brian Murphy, CEO di NanoVibronix, ha espresso entusiasmo per la collaborazione con APOGEPHA, citando la loro leadership nel settore urologico e il grande team di vendita e marketing come fattori chiave per accelerare le vendite di UroShield in Germania. Il Dr. Dirk Pamperin, Presidente del Consiglio di Amministrazione di APOGEPHA, ha dichiarato il loro impegno nell'offrire prodotti urologici di alta qualità e la loro fiducia nella capacità di UroShield di supportare i pazienti con cateteri a lungo termine.
NanoVibronix (NASDAQ: NAOV) ha firmado una hoja de términos no vinculante para un acuerdo de licencia y suministro con APOGEPHA Arzneimittel GmbH, una empresa farmacéutica alemana especializada en productos urológicos. El acuerdo tiene como objetivo distribuir UroShield en toda Europa. UroShield es un dispositivo basado en ultrasonido diseñado para prevenir la colonización bacteriana y el biofilm en catéteres urinarios permanentes, lo que podría reducir las infecciones del tracto urinario asociadas a catéteres (CAUTI) y el dolor asociado.
Brian Murphy, CEO de NanoVibronix, expresó entusiasmo por asociarse con APOGEPHA, citando su liderazgo en urología y su amplio equipo de ventas y marketing como factores clave para acelerar las ventas de UroShield en Alemania. El Dr. Dirk Pamperin, Presidente de la Junta Directiva de APOGEPHA, declaró su compromiso de ofrecer productos urológicos de alta calidad y su confianza en la capacidad de UroShield para apoyar a los pacientes con catéteres a largo plazo.
NanoVibronix (NASDAQ: NAOV)는 독일의 비뇨기과 전문 제약사인 APOGEPHA Arzneimittel GmbH와 라이선스 및 공급 계약을 위한 비구속적인 조건 변경서를 체결했습니다. 이 계약의 목적은 UroShield를 유럽 전역에 배포하는 것입니다. UroShield는 영구 카테터에 대한 세균 식민지화와 바이오필름을 예방하기 위해 설계된 초음파 기반 장치로, 카테터 관련 요로 감염(CAUTI) 및 관련 통증을 줄일 수 있습니다.
NanoVibronix의 CEO인 Brian Murphy는 APOGEPHA와의 파트너십에 대한 열정을 표현하며, 비뇨기과에서의 리더십과 대규모 영업 및 마케팅 팀이 독일에서 UroShield 판매를 가속화하는 핵심 요소라고 언급했습니다. APOGEPHA의 경영 이사회 의장인 Dr. Dirk Pamperin은 고품질 비뇨기 제품을 제공하겠다는 의지와 UroShield가 장기간 카테터를 사용하는 환자를 지원할 수 있는 능력에 대한 자신감을 표명했습니다.
NanoVibronix (NASDAQ: NAOV) a signé un accord préliminaire non contraignant pour un accord de licence et de fourniture avec APOGEPHA Arzneimittel GmbH, une entreprise pharmaceutique allemande spécialisée dans les produits urologiques. Cet accord vise à distribuer UroShield dans toute l'Europe. UroShield est un dispositif basé sur les ultrasons conçu pour prévenir la colonisation bactérienne et le biofilm sur les cathéters urinaires à demeure, ce qui pourrait réduire les infections des voies urinaires associées aux cathéters (CAUTI) et la douleur associée.
Brian Murphy, CEO de NanoVibronix, a exprimé son enthousiasme à l'idée de s'associer à APOGEPHA, soulignant leur leadership en urologie et leur large équipe de vente et de marketing comme des facteurs clés pour accélérer les ventes de UroShield en Allemagne. Le Dr. Dirk Pamperin, président du conseil d'administration d'APOGEPHA, a déclaré leur engagement à offrir des produits urologiques de haute qualité et leur confiance dans la capacité d'UroShield à soutenir les patients portant des cathéters à long terme.
NanoVibronix (NASDAQ: NAOV) hat ein unverbindliches Term Sheet für eine Lizenz- und Liefervereinbarung mit APOGEPHA Arzneimittel GmbH, einem deutschen Pharmaunternehmen, das auf urologische Produkte spezialisiert ist, unterzeichnet. Das Ziel der Vereinbarung ist die Verbreitung von UroShield in ganz Europa. UroShield ist ein ultraschallbasiertes Gerät, das entwickelt wurde, um die bakterielle Besiedlung und Biofilme auf indwelling Harnkathetern zu verhindern, wodurch katheterassoziierte Harnwegsinfektionen (CAUTI) und die damit verbundenen Schmerzen verringert werden könnten.
Brian Murphy, CEO von NanoVibronix, äußerte seine Begeisterung über die Partnerschaft mit APOGEPHA und nannte deren Führungsposition in der Urologie sowie das große Verkaufs- und Marketingteam als Schlüsselfaktoren zur Beschleunigung der UroShield-Verkäufe in Deutschland. Dr. Dirk Pamperin, Vorsitzender des Vorstands von APOGEPHA, erklärte das Engagement des Unternehmens, qualitativ hochwertige urologische Produkte anzubieten, sowie sein Vertrauen in die Fähigkeit von UroShield, Patienten mit langfristigen Kathetern zu unterstützen.
- Potential partnership with APOGEPHA, a recognized leader in urology, for UroShield distribution in Europe
- Expansion of distribution network, which could accelerate sales of UroShield
- Access to APOGEPHA's large sales and marketing team for promoting UroShield in Germany
- Positive evaluation of UroShield by APOGEPHA, indicating market potential
- The term sheet is non-binding, indicating uncertainty in finalizing the agreement
- No specific financial terms or sales projections mentioned in the agreement
Insights
The signing of a non-binding term sheet with APOGEPHA for UroShield distribution in Europe is a positive step for NanoVibronix, but its impact remains uncertain. While APOGEPHA's specialization in urology and strong presence in Germany could significantly boost UroShield's market reach, the agreement is not yet finalized.
Key points to consider:
- Potential access to APOGEPHA's large sales and marketing team in Germany
- Expansion into the European market, which could drive revenue growth
- APOGEPHA's market evaluation supports UroShield's efficacy
- The agreement is non-binding and final terms are yet to be negotiated
For a micro-cap company like NanoVibronix (
Signs Term Sheet for a License and Supply Agreement for Distribution of UroShield
Brian Murphy, Chief Executive Officer of the Company commented, “We are thrilled to be taking the next step in adding APOGEPHA as a distributor of UroShield in
Dr. Dirk Pamperin, Chairman of the Management Board of APOGEPHA, commented, “At APOGEPHA, we are committed to offering a wide range of high-quality products and services for patients with urological disorders. After completing our own comprehensive market evaluation of UroShield, we are convinced that UroShield will have the ability to support patients with long-term catheters by significantly reducing their catheter-associated urinary tract infections.”
UroShield is an ultrasound-based product that is designed to prevent bacterial colonization and biofilm on indwelling urinary catheters and increase antibiotic efficacy, ultimately reducing the incidence of catheter-associated urinary tract infections ("CAUTI"). UroShield is also intended to decrease pain and discomfort associated with urinary catheter use.
About APOGEPHA Arzneimittel GmbH
Founded in
With around 150 committed employees, APOGEPHA is not only a supplier of pharmaceuticals, but also a valued partner to clinicians and the health system.
About NanoVibronix, Inc.
NanoVibronix, Inc. (NASDAQ: NAOV) is a medical device company headquartered in
Forward-looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified; consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with: (i) market acceptance of our existing and new products or lengthy product delays in key markets; (ii) negative or unreliable clinical trial results; (iii) inability to secure regulatory approvals for the sale of our products; (iv) intense competition in the medical device industry from much larger, multinational companies; (v) product liability claims; (vi) product malfunctions; (vii) our limited manufacturing capabilities and reliance on subcontractor assistance; (viii) insufficient or inadequate reimbursements by governmental and/or other third party payers for our products; (ix) our ability to successfully obtain and maintain intellectual property protection covering our products; (x) legislative or regulatory reform impacting the healthcare system in the
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Investor Contact:
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(646) 536-7331
Source: NanoVibronix, Inc.
FAQ
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