Removable stent developer Allium Medical Group reported that it has signed new deals to distribute its site-specific stents in Germany and Benelux countries.
Allium signed exclusive distribution deals for both its ureteral and biliary stents with MenkeMed for the German and Austrian markets, and with Ecce Dutoit for the Benelux - Belgian, Dutch, and Luxemburgian - markets.
The values of the deals were not disclosed.
Caesarea-based Allium develops site-specific stents for use in the urinary and gastro-intestinal tract. Allium completed CE Marking for its biliary and ureteral stents, and commenced distribution of its biliary stents as of June 2007 and its ureteral stents as of December 2007 in various European markets including Italy and Scandinavia. Follow-on orders have been received and delivered.
“We are proud to be working with our new partners, MenkeMed and Ecce Dutoit, who are providing Allium Medical a platform to major European markets in order to realize our potential," said Allium presdent and CSO Dr. Daniel Yachia.
Allium's biliary stents can be inserted endoscopically or by interventional radiologists. Allium's ureteral stents are also mounted on two different deployment devices allowing endoscopic retrograde (by urologists), or percutaneous antegrade insertion.
MenkeMed CEO Frank Menke said he was impressed with Allium's metal stents. "Allium's stents are made out of metal and are self-expandable. It has been cited in many studies that large caliber metal stents are more acceptable to patients with longer survival rates as compared to plastic stents which have to be changed every two to four months."
Belgium-based Ecce Dutoit Medical will distribute Allium's ureteral and billiary stents to the Benelux market.
MenkeMED GmbH, located in Munich, was founded in 2006 by Frank Menke.
Allium was founded in 2001 by Professor Daniel Yachia M.D., an urologist and acknowledged international authority on urinary system stents.
Published by Globes [online], Israel business news - www.globes-online.com - on July 10, 2008
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