curasan AG
curasan enters into Exclusive Distribution Partnership with China-Based Fosun Group
DGAP-News: curasan AG / Key word(s): Contract – Partnership with China’s leading dental manufacturer – Official launch of CERASORB(R) in May – Portfolio expansion and new permits planned for China
Today’s agreement will give Foshion Medical the exclusive right to distribute the granular variant of the bone regeneration substance CERASORB(R), a product which has already received approval for the Chinese dental market. “In such an important market like China, Foshion Medical is the ideal partner for us,” said curasan AG CEO Michael Schlenk with confidence. “Their distribution network is perfectly positioned for the Chinese market and they boast an excellent reputation among our target groups. Foshion Medical is also a strategic partner which can help coordinate our efforts to receive product approvals from the Chinese authorities.” Foshion Medical will also support the planned approval of other curasan dental product variants in China, such as foam and paste. The agreement guarantees Foshion Medical the exclusive distribution rights to the entire dental product portfolio in China. “Our company has grown at an incredible rate in recent years,” said Foshion Medical general manager Zhang Huizhen, explaining the company’s decision to partner with curasan AG. “One of the reasons we’ve enjoyed such dynamic growth is that we hold our partners to very high standards, and we only work with the best, most technologically advanced products. We are already working successfully with several German companies, and we concluded that curasan AG’s bone regeneration substances would be a perfect addition to our product line.” A concrete marketing program has already been developed to ensure rapid entry into the market. On-site workshops and training sessions in China are already planned for May and will be lead by renowned opinion leaders from Germany. The first order is contractually scheduled for May 2017. curasan anticipates a clear sales and revenue contribution for the current 2017 fiscal year resulting from the new distribution agreement, which will be offset by expected market entry costs. The company expects to see positive earnings from the partnership starting in 2018. About curasan AG:
About Foshion Medical: Contact: Ingo Middelmenne Head of Investor Relations Tel. +49 6027 40900-45 Fax +49 6027 40900-39 ingo.middelmenne@curasan.de Andrea Weidner Head of Corporate Communications Tel. +49 6027 40900-51 Fax +49 6027 40900-39 andrea.weidner@curasan.de www.curasan.de
19.04.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | curasan AG |
Lindigstraße 4 | |
63801 Kleinostheim | |
Germany | |
Phone: | 06027/40 900 0 |
Fax: | 06027/40 900 29 |
E-mail: | info@curasan.de |
Internet: | www.curasan.de |
ISIN: | DE0005494538 |
WKN: | 549453 |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |