Pharmaceutical Business review

Mediwatch Signs Five Year Distribution Agreement With Inverness Medical

Philip Stimpson, Mediwatch chief executive commented’

“We are confident that this strategically important distribution agreement will deliver a significant revenue stream. The market for point of care diagnostics is growing rapidly as a result of a combination of; the population aging, growth of local clinics, home testing and the need for faster, cheaper, more portable and easier to use medical equipment.

“This is a significant development for Mediwatch as it means we can both actively promote worldwide the early diagnosis of prostate cancer, with portable rapid-testing equipment. This is particularly poignant and gratifying for us, being a British company, as this is Prostate Cancer Awareness Month in the UK.”