Catheter Precision, Inc. Secures New Distributor In Brazil For LockeT
Portfolio Pulse from Benzinga Newsdesk
Catheter Precision, Inc. (NYSE:VTAK), a US-based medical device company, has signed a distribution agreement with Supri Artigos Medico Hospitalares Ltda for its electrophysiology product, LockeT, in Brazil. This marks the company's first distributor in South America, aiming to provide innovative technologies to improve patient care and workflow efficiency in a cost-effective manner.
January 22, 2024 | 1:09 pm
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Catheter Precision, Inc. has secured a new distributor for its product LockeT in Brazil, potentially increasing its market presence and revenue in South America.
The distribution agreement with Supri in Brazil is likely to have a positive impact on VTAK's stock price in the short term as it opens up a new market in South America, which could lead to increased sales and revenue. The deal is directly related to VTAK's business expansion strategy and is significant for investors as it represents growth in an emerging market.
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