The master distributor will provide product support and product packaging control; coordinate sales to other European distributors; distribute products in its own territory; act as the registered EU representative for CE marked products; and assist with the development and implementation of pricing structures.
Vera Leonard, CEO of CLX, said: “A highly capable and established master distributor for the European market will provide a number of significant advantages for CLX as we pursue widespread distribution for our subsidiary products and additional medical diagnostic tests that we may choose to acquire or license. We expect to successfully complete negotiations and enter into an agreement with the prospective master distributor. Key terms of the relationship have been agreed upon and we are moving forward with definitive negotiations.”