First order from China
Following the Chinese approval of Bactiguard’s Foley catheters for infection prevention, which was recently announced, the company has received an initial order of 100,000 catheters.
In January 2016, the doors were opened to China, one of the largest and fastest growing markets in the world, with the approval of the company's Foley catheter for infection prevention. The first order comprises 100,000 Bactiguard Infection Protection Foley catheters (BIP Foley). A smaller portion of the order will be delivered this quarter and the bulk in the second quarter of 2016.
"This is a major breakthrough for Bactiguard and we have high expectations on China, a country with big challenges in preventing infections and reducing antibiotic consumption," says Cecilia Edström, Head of Sales and New Business at Bactiguard.
Bactiguard’s Chinese partner, Jian An Pharmaceuticals (Jian An), is now preparing the launch activities in the country. Jian An has some 2,000 sales representatives and 5,000 hospital customers throughout China.
The order value of more than 3 MSEK will not generate any sales revenue for Bactiguard as the delivery will be made against the market contribution agreed between Bactiguard and Jian An already in 2011.
Healthcare associated infections is a global problem and today the third largest cause of death in the Western world. In China, the problem is rapidly growing and a great challenge. Chinese representatives have expressed a strategy to reduce antibiotic use, which means that extensive efforts to reduce infections are required. Bactiguard’s infection protection solution therefore becomes a natural part of the prevention of healthcare associated infections.
This is information that Bactiguard Holding AB (publ) is required to publish in compliance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 21 January 2016, at 08.00.
For further information, please contact:
Ulrika Berglund, Head of External Affairs, mobile: 46 708 800 407
About Bactiguard
Bactiguard is a Swedish medtech company with a global presence, offering a solution that prevents healthcare associated infections caused by medical devices. By preventing infections, we contribute to a reduced use of antibiotics and the spread of multi-resistant bacteria, which is a growing problem worldwide. We save lives, increase patient safety and significantly reduce the cost for the healthcare and society. Our technology is well-proven, safe and tissue friendly and consist of a thin layer of noble metals that prevents bacterial growth. The coating can be applied on almost all medical devices. Bactiguard-coated urinary catheters are market leading in the US and Japan and the company has also its own product portfolio consisting of Foley catheters, central venous catheters and endotracheal tubes. Bactiguard is a growth company, focused on markets in Europe, Middle East, Asia and Latin America. The company has about 70 employees worldwide, mainly at the headquarters in Stockholm and the production facility in Malaysia and is listed on Nasdaq Stockholm. Read more about Bactiguard at www.bactiguard.com
