BSD Medical (BSDM) Signs Exclusive Agreement for Distribution of BSD's Cancer Treatment Hyperthermia System in Taiwan
3/20/2013 9:16:05 AM
SALT LAKE CITY--(BUSINESS WIRE)--BSD Medical Corporation (NASDAQ:BSDM) (Company or BSD) (www.BSDMedical.com), a leading provider of medical systems that utilize heat therapy to treat cancer, announced today that the Company has signed an exclusive agreement with Linden Bioscence Co., Ltd. (Linden), a Taiwan corporation, for the sale and distribution of BSD’s hyperthermia products in Taiwan. Linden’s primary focus will be licensing, marketing and selling the BSD-2000 Hyperthermia System (BSD-2000) in Taiwan. Linden is funded by a large Taiwanese philanthropic cancer foundation. Per the agreement, Linden is required to purchase a minimum number of BSD-2000 systems annually over a five year period, totaling a cumulative $7.1 million in revenue to BSD. Shipment of the first hyperthermia systems will coincide with Linden’s receipt of Taiwan FDA import license approval.
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