EuroCOR signs distribution agreement with Fumedica

Mumbai, Apr 25 (UNI) EuroCOR GmbH, the wholly-owned subsidiary of Opto Circuits (India) Ltd (OCIL), India's leading manufacturer of healthcare equipment, has signed a distribution agreement with German and Swizerland medical device sales organization 'Fumedica AG'.

Fumdica AG has taken overall marketing and distribution rights of EuroCOR's entire range of coronary stent systems and ballon dilatation catheters, for the German and Swiss market.

In a statement here OCIL CMD Mr Vinod Ramani said this deal is expected to generate revenues of at least Rs 27 crore during the first year of us. Fumedica is well established medical distribution company with total sales of 54 million Swiss Francs per annum and additional sales of 25 million Swiss Francs on the German market. This deal opens up a vast market for us in Europe.'' UNI AR KU SKB1807