Advanced medical biosystems company Covalon Technologies Ltd (Covalon) is extremely pleased to announce its distribution partner Hartmann-Conco Inc has officially launched Covalon's Collagen wound dressings.
Covalon has an exclusive distribution agreement with Hartmann-Conco Inc to distribute Covalon collagen wound dressings and antimicrobial silver collagen wound dressings under the brand names ColActiveTM and ColActiveAgTM. The agreement provides Hartmann-Conco with exclusive distribution rights for the United States.
Covalon has delivered on its first sale of ColActive totaling approximately $42,000 and currently has on hand orders totaling approximately $400,000.
William Jackson, the CFO of Covalon, said “this is an important event in the company's evolution for the following reasons: - The company is now revenue producing; - The burn rate has declined; - The company is no longer solely a development company; and - The Covalon team is now focused on expanding the sales and product offerings.
They look forward to building a profitable company over the coming months.
According to the 2000 Clinica Reports “New Developments in Wound Care “, the wound care market, world wide, exceeds $15 Billion US per year. ColActiveTM “Collagen Dressing” and ColActiveAgTM “Collagen with Silver, Antimicrobial Dressing” are indicated for the management of full and partial thickness wounds.
The Hartmann-Conco group is comprised of several wholly-owned subsidiaries in 36 countries and other joint venture operations. It is one of the leading companies in its branch of industry with sales revenue of EURO 1.3 billion in 2003 and employing 10,000 people. Hartmann-Conco is a world-class manufacturer of wound-dressings and other surgical and hygiene products. Hartmann-Conco is owned by Paul Hartmann AG, a major global manufacturer of wound care products, with its head office located in Heidenheim Germany.
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