Caesarea, Israel – February 12, 2008 - Allium Medical Group, developer and manufacturer of anatomically and functionally compatible, dynamic, large-caliber, removable, non-vascular stents, announced today that it has entered into an exclusive distribution agreement with the SynMed International Group of Sweden for Allium's biliary and ureteral stents in the Swedish and Scandinavian markets.
SynMed Medicinteknik AB of Sweden is a part of the SynMed International Distributor Network, consisting of several leading European independent distributors of medical diagnostic equipment covering areas of gastroenterology, urology and neurodiagnostics.
Per Gezelius, General Manager of SynMed Medicinteknik AB said, “Our initial agreement with Allium Medical was to distribute the biliary stent in Sweden. The feedback we received from both doctors and patients at medical centers in Stockholm and Helsinki was so strongly positive that we decided to expand our offering to include the ureteral stent, and requested exclusive distribution rights not only for Sweden but for all Scandinavia.”
Founded in 2001, Allium Group has developed site-specific, anatomically and functionally compatible, large caliber dynamic stents for various uses with applications 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 in Italy, Sweden, Germany and Austria. Follow-on orders have already been received and delivered.
The two different deployment devices of the Allium's biliary stents allow endoscopic (by gastroenterologists) or percutaneous trans-hepatic (by interventional radiologists) insertion. Allium's ureteral stents are mounted on two different deployment devices allowing endoscopic retrograde (by urologists), or percutaneous antegrade, or combined antegrade and retrograde insertion (with or without an interventional radiologist).
Advantages of Allium stents include, among other things:
· Site-specific design
· No or minimal interference with organ function
· Highly flexible and designed for patient comfort
· Simple removal at any point of time in a short procedure
· Ambulatory procedures
"We at Allium are developing a whole new approach to stenting," stated Prof. (Em.) Daniel Yachia, M.D., President, CSO and Senior Consultant (Urology) for the Allium Group. “Our revolutionary technology platform allows us to create dynamic stents that are anatomically and functionally compatible, with minimal to no interference with host organ function. Now more than ever, doctors are seeking solutions to meet demand for minimally invasive solutions to increase patient comfort and convenience while not compromising on treatment efficacy. Our technology allows us to create site-specific stents so that every organ has an easily removable stent of its own.
About Allium Medical
Allium Medical, Inc., is a medical device company offering next-generation stents based on a revolutionary technological platform that enables physicians to offer more effective stent solutions for enhancing patients' quality of life. Allium Medical has developed site-specific, anatomically compatible stents with applications in the urinary and gastro-intestinal tract. Founded in 2001, Allium Medical is a privately owned company led by Professor Daniel Yachia M.D., an urologist and acknowledged international authority on urinary system stenting. Allium was awarded two CE marks for its biliary and ureteral stents, commenced sales in Europe in June 2007 and received follow- on orders from its distributors. Allium’s headquarters, manufacturing and R&D facilities are located in Caesarea, Israel. For more information: www.allium-medical.com
About SynMed International Group
The SynMed International Distributor Network consists of several leading European Independent distributors of medical diagnostic equipment covering areas of Gastroenterology, Urology and Neurodiagnostics. Each company specializes in the supply service and support of GI supplies to medical professionals in their respective countries. The group's members share similar ethos and values and meet together with manufacturers throughout the year. For more information: www.synmed.org
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