Misonix inks Chinese distro deal for BoneScalpel with Weigao Orthopedic

Misonix (NSDQ:MSON) said today it inked an exclusive distribution agreement with Shandong Weigao Orthopedic Device Company.

Through the deal, Weigao Orthopedic will gain the rights to sell, market and distribute Farmingdale, N.Y.-based Misonix’s BoneScalpel in China, Hong Kong and Macau for an initial period of 5-years.

“We are pleased to enter into this distribution agreement with Weigao Orthopedic, one of the most highly regarded orthopedic and spine surgery device providers in the People’s Republic of China. They have a broad distribution network and relationships with medical institutions that will benefit from the solutions that the BoneScalpel has to offer. We look forward to a mutually beneficial relationship working with Weigao Orthopedic to introduce and embed our products throughout the PRC, Hong Kong and Macau,” Misonix prez & CEO Stavros Vizirgianakis said in a press release.

“We are very pleased with this partnership and for exclusive distribution rights to BoneScalpel. We greatly appreciate the controlled cutting, sparing of soft tissue and the reduction in bleeding that the BoneScalpel provides. Misonix’s ultrasonic bone cutting technology has been quickly gaining the attention of spine surgeons around the world and our team is excited to bring this important technology to surgeons across China,” Weigao Orthopedic COE Gong Jianbo said in a prepared statement.

“We greatly appreciate the opportunity to work with one of the leaders in the orthopedic industry in the PRC. We have conducted extensive due diligence on identifying a partner for this most important market for our leading-edge ultrasonic surgical tools. It was clear from the beginning that both companies share a common vision for the future of spine surgery and the important role that BoneScalpel plays in enabling better and safer outcomes for surgeons and the patients they treat,” Misonix global sales & marketing senior VP Scott Ludecker said in prepared remarks.

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