The Company's Distribution Agreement with Coapt
has been terminated, and the Company plans to directly distribute HYDRELLE in the interim while it determines its worldwide strategy for this product franchise.
During the third quarter, we also launched our aesthetics dermatology product, Hydrelle, in the United States through our exclusive distribution partner, Coapt
Systems," Sherwood said.
clinical trials and the filing of a PMA, and its expectations to reap significant financial rewards for moving the product through the pipeline, (ii) expectations regarding Coapt
Systems including timing to begin selling Hydrelle, (iii) statements concerning revenue and income performance in 2009, and (iv) expectations that Anika's investments will result in accelerated growth in 2010 and beyond.
distribution agreement with Palo Alto, California-based Coapt Systems, Inc.
Under the terms of the agreement, Coapt Systems will distribute Anika's aesthetic dermatology product exclusively in the United States for five years and there are two additional renewable terms.
Our aesthetic products will provide Coapt Systems' knowledgeable team of over 45 sales professionals with dermal fillers to complement their suite of bioabsorbable facial implants.
Systems develops, manufactures and markets a range of bio-absorbable implants for use in soft tissue fixation based upon its patented MultiPoint Technology (MPT[TM]) platform.
David Apfelberg, Medical Director for Coapt
Systems, "These patients previously had to resort to more invasive means to correct these problems.
Ahrens is on the board of directors of many private companies including Coapt
Systems, CoAxia, Novare Surgical, and Transoma Medical.
Coapt plans to introduce the Midface Bone device overseas later this year.
Coapt Systems develops, manufactures and markets a suite of bioabsorbable implants for use in soft tissue fixation based upon its patented MultiPoint Technology (MPT(TM)) platform.
Located in Palo Alto, California, Coapt Systems, Inc.