SANUWAVE Health Announces Physician Office Channel Partnership with DocShop Pro

Rhea-AI Summary

SANUWAVE Health, Inc. (OTCQB: SNWV) has signed a non-exclusive reseller agreement with DocShop Pro to market and sell its advanced wound care products, specifically the UltraMIST®, within the physician office channel. This agreement enhances SANUWAVE's commercial reach by utilizing DocShop Pro's 16-member sales team, facilitating access to innovative treatment options in podiatry. The partnership aims to leverage the average reimbursement of $417 per treatment for UltraMIST®, enhancing patient care and business growth.

Positive

• Entered a non-exclusive reseller agreement with DocShop Pro to market wound care products.
• Utilizing a sales team of 16 from DocShop Pro for market expansion.
• Average reimbursement of $417 per treatment for UltraMIST® may increase sales.

Negative

• None.

Enters into a Reseller Agreement with a Leading Healthcare Supply Chain Solutions Marketplace Company to Market and Sell SANUWAVE’s Wound Care Products

SUWANEE, GA, March 17, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- SANUWAVE Health, Inc. (OTCQB: SNWV), focused on the development and commercialization of a robust and innovative advanced wound care product portfolio for the repair and regeneration of skin and vascular structures, announced today that the Company has entered into a non-exclusive reseller agreement with DocShop Pro to market and sell the Company’s portfolio of wound care products within the physician office channel.

"I am excited to continue to broaden the SANUWAVE commercial footprint and to expand the ENERGY FIRST platform with this new partnership with DocShop Pro.  DocShop Pro possesses an experienced sales team of 16 that offers strong synergies in the private podiatry office where UltraMIST® is reimbursed at an average of $417 per treatment,” stated Jack Schlechtweg, Chief Revenue Officer of SANUWAVE Health.  “We started on-boarding and training DocShop Pro sales representatives the first week of March and evaluations and installations have already begun. The addition of DocShop Pro provides SANUWAVE with 85 independent and 25 direct selling resources throughout the United States all working to expand the ENERGY FIRST platform.”

“Incorporating SANUWAVE’s UltraMIST® into our marketplace will enhance our customers’ access to innovative and clinically proven tools which will help patients and practices alike. SANUWAVE’s diverse wound care offering further demonstrates our commitment to becoming podiatry’s one-stop-shop for practice supplies,” noted Nick Turner, Vice President of DocShop Pro.  “We look forward to expanding our mutual footprint into podiatry over the coming years.”

About DocShop Pro

DocShop Pro provides medical professionals with an integrated ePurchasing and Supply Manager Program, allowing them to simply order supplies from major manufacturers and distributors all from one intuitive order platform. Healthcare professionals can access major supplier catalogs and experience incredible savings via DocShop Pro’s negotiated pricing - all without any membership requirements or fees.

For additional information about DocShop Pro, visit www.docshoppro.com.

About SANUWAVE Health, Inc.

SANUWAVE Health, Inc. (OTCQB:SNWV) (www.SANUWAVE.com) is focused on the research, development, and commercialization of its patented noninvasive and biological response activating medical systems for the repair and regeneration of skin, musculoskeletal tissue, and vascular structures.  Through its recent acquisition of the UltraMIST® assets, SANUWAVE now combines two highly complementary and market-cleared energy transfer technologies and two human tissue biologic products, which creates a platform of scale with an end-to-end product offering in the advanced wound care market. 

SANUWAVE’s portfolio of regenerative medicine products and product candidates activate tissue regeneration biological signaling and angiogenic responses, producing new vascularization and microcirculatory improvement combined with tissue growth which helps restore the body’s normal healing processes. SANUWAVE applies and researches its patented energy transfer technologies in wound healing, orthopedic/spine, plastic/cosmetic and cardiac/endovascular conditions.

For additional information about the Company, visit www.sanuwave.com.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are risks associated with the regulatory approval and marketing of the Company’s product candidates and products, unproven pre-clinical and clinical development activities, regulatory oversight, the Company’s ability to manage its capital resource issues, competition, and the other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement.

Contact:

SANUWAVE Health, Inc.
Kevin Richardson II
Chairman and Chief Executive Officer
978-922-2447
investorrelations@sanuwave.com

FAQ

What is the recent agreement SANUWAVE Health (SNWV) has announced?

SANUWAVE Health has announced a non-exclusive reseller agreement with DocShop Pro to market its wound care products.

How does the SANUWAVE and DocShop Pro partnership benefit SNWV?

The partnership with DocShop Pro expands SANUWAVE's commercial footprint and offers access to a wider customer base in the podiatry market.

What is the reimbursement rate for UltraMIST® under the new agreement?

The UltraMIST® is reimbursed at an average rate of $417 per treatment.

What is the potential impact of the SANUWAVE and DocShop Pro partnership on market access?

The agreement enhances SANUWAVE's access to physician offices and increases the number of selling resources to promote its products.