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ALLEGAN, Mich., Feb. 17, 2011 /PRNewswire/ -- Perrigo (Nasdaq: PRGO; TASE) at present announced that it has entered into an unique agreement with AgaMatrix, Inc. to sell and distribute blood glucose displays and check strips in the U.S. As part of the settlement, Perrigo will promote and distribute certain products in the current AgaMatrix portfolio as well as certain future new products. AgaMatrix is a privately held firm centered completely on progressive solutions for individuals with diabetes. Their leading edge applied sciences have been commercially out there since 2006. Terms of the deal weren't disclosed. It is estimated that over $2.Eight billion(1) is spent yearly on glucose monitoring meters and check strips in the U.S. Perrigo will leverage its current store model retail channels to broaden distribution of the brand new blood glucose meters and painless SPO2 testing strips to consumers in early 2011. As well as, the corporate will continue to explore a full vary of diabetes care products that extends past blood glucose monitoring. Perrigo Company is a leading global healthcare supplier that develops, manufactures and distributes OTC and generic prescription (Rx) pharmaceuticals, infant formulation, nutritional merchandise, energetic pharmaceutical components (API) and pharmaceutical and medical diagnostic products. |
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