Catheter Precision Secures New Distribution Partner For Southeast Asia
Portfolio Pulse from Happy Mohamed
Catheter Precision, Inc. (NYSE:VTAK) has entered a distribution partnership with Singapore-based medical device distributor, Somnotec. The partnership will see Somnotec distribute Catheter Precision's LockeT closure device in Singapore, Philippines, Malaysia, Indonesia, and Brunei. The company is also looking to expand into South America, Central America, the Middle East, Japan, and Australia.
August 31, 2023 | 7:38 pm
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Catheter Precision's new partnership with Somnotec for the distribution of its LockeT closure device in Southeast Asia could potentially boost its sales and market presence in the region.
The partnership with Somnotec allows Catheter Precision to expand its market reach in Southeast Asia, a region with a large potential customer base. This could lead to increased sales of its LockeT closure device, potentially boosting the company's revenues and positively impacting its stock price.
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