Rockwell Medical Enters New And Expanded Distribution Agreement With BioNuclear And Atlantic Medical International
Portfolio Pulse from Benzinga Newsdesk
Rockwell Medical has entered into new and expanded distribution agreements with BioNuclear and Atlantic Medical International (AMI), expected to generate around $1 million in annual revenues. The amended agreement with AMI expands the list of hemodialysis products purchased from Rockwell Medical, includes purchasing commitments, and aligns with Rockwell Medical's gross margin guidance for 2024.
April 04, 2024 | 10:02 am
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Rockwell Medical's new and expanded distribution agreements with BioNuclear and AMI are expected to boost annual revenues by approximately $1 million and support the company's gross margin guidance for 2024.
The new and expanded distribution agreements are directly related to Rockwell Medical's revenue generation and profitability. The expected $1 million in annual revenues from these agreements is a positive development for the company, likely to be viewed favorably by investors. The alignment with the company's gross margin guidance for 2024 further underscores the strategic importance of these agreements, suggesting a positive short-term impact on RMTI's stock price.
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