PETVIVO HOLDING, INC. ANNOUNCES PARTNERSHIP ENGAGEMENTS WITH VEDCO, INC. AND CLIPPER DISTRIBUTING, LLC

Rhea-AI Summary

PetVivo Holdings (OTCQB: PETV) has announced new distribution partnerships with Vedco Inc. and Clipper Distributing, , both major players in veterinary product distribution. These partnerships will expand the distribution network for PetVivo's flagship product, Spryng™ with OsteoCushion™ Technology, an intra-articular injectable veterinary medical device designed to manage joint pain in animals.

The partnerships connect PetVivo to major national veterinary product distributors including MWI, Covetrus, Patterson, Midwest Supply, and Penn Supply. Spryng is designed to promote joint pain management by augmenting and reinforcing cartilage to support normal joint function in cases where there is loss of cartilage or tissue-bone mechanical malfunction.

Positive

• Strategic partnerships with two major veterinary product distributors expanding market reach
• Access to major national distribution networks including MWI, Covetrus, Patterson
• Enhanced product accessibility for veterinarians nationwide

Negative

• None.

MINNEAPOLIS, Jan. 10, 2025 (GLOBE NEWSWIRE) -- PetVivo Holdings, Inc. (OTCQB: PETV & PETVW) ("PetVivo"), a pioneering biomedical technology company focused on adapting human biotech, medical device and other therapeutic technologies into osteoarthritis and lameness products for commercial sale in the US companion animal and equine markets, announces new distribution partnerships with Vedco Inc. (“Vedco”), and Clipper Distributing, LLC (“Clipper”), both leaders in logistical solutions and supply of products to veterinarians through the channel-of-distribution for veterinarians. Vedco and Clipper distribute to many of the largest national veterinary product distribution entities in the United States, including MWI, Covetrus, Patterson, Midwest Supply and Penn Supply, to just name a few.

“Spryng^™ with OsteoCushion^™ Technology is an innovative intra-articular injectable veterinary medical device that is designed to promote the management of joint pain caused by the loss of cartilage or tissue-bone mechanical malfunction; Spryng assists in augmenting and reinforcing cartilage to support the normalization of joint function. Our partnerships with Vedco and Clipper marks the beginning of what promises to be significant, and mutually beneficial relationships aimed at elevating the standard of veterinary care,” said Mike Eldred, Board Member and Commercial Executive at PetVivo.

"We are excited to be associated with PetVivo on the distribution of their unique Spryng with OsteoCushion Technology family of products,” said Craig Campbell, General Manager of Vedco. “This groundbreaking product aligns perfectly with Vedco's commitment to bringing innovative and high-value solutions to our distribution partners, while offering highly effective and safe solutions for veterinary hospitals and their clients.”

Corey Shigematsu, Chief Executive Officer at Clipper commented, “Expanding the distribution network for Spryng and its OsteoCushion Technology ensures that veterinarians across the country have access to one of the newest solutions on the market.”

For more information about PetVivo Holdings, Inc. and its innovative product, Spryng, please contact info1@petvivo.com or visit https://petvivo.com/ and https://sprynghealth.com/.

About PetVivo Holdings, Inc.

PetVivo Holdings Inc. (OTCQB: PETV & PETVW) is an emerging biomedical device company currently focused on the manufacturing, commercialization and licensing of innovative medical devices and therapeutics for companion animals. The Company's strategy is to leverage human therapies for the treatment of companion animals in a capital and time efficient way. A key component of this strategy is the accelerated timeline to revenues for veterinary medical devices, which enter the market much earlier than more stringently regulated pharmaceuticals and biologics.

PetVivo has a pipeline of seventeen products for the treatment of animals and people. A portfolio of twenty patents protects the Company's biomaterials, products, production processes and methods of use. The Company’s lead product SPRYNG, a veterinarian-administered, intraarticular injection for the treatment of lameness and other joint-related afflictions, including osteoarthritis, in dogs and horses, is currently available for commercial sale to veterinarians.

CONTACT:

John Lai, CEO
PetVivo Holdings, Inc.
Email: info1@petvivo.com
(952) 405-6216

Forward-Looking commercial Statements:

The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation the Company’s proposed development and commercial timelines, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of uncertainties and risks that could significantly affect current plans. Risks concerning the Company’s business are described in detail in the Company’s Annual Report on Form 10-K for the year ended March 31, 2023 and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

FAQ

What are the new distribution partnerships announced by PetVivo (PETV) in January 2024?

PetVivo announced partnerships with Vedco Inc. and Clipper Distributing, , both leaders in veterinary product distribution, to distribute their Spryng™ with OsteoCushion™ Technology product.

Which major distributors will PetVivo (PETV) reach through the Vedco and Clipper partnerships?

Through these partnerships, PetVivo will reach major national veterinary product distributors including MWI, Covetrus, Patterson, Midwest Supply, and Penn Supply.

What is Spryng with OsteoCushion Technology by PetVivo (PETV)?

Spryng is an intra-articular injectable veterinary medical device designed to manage joint pain caused by cartilage loss or tissue-bone mechanical malfunction by augmenting and reinforcing cartilage.

How will the new distribution partnerships impact PetVivo's (PETV) market reach?

The partnerships will significantly expand PetVivo's distribution network, ensuring veterinarians across the United States have access to their Spryng product through major national veterinary product distributors.