Medovex has entered into an international distribution agreement with Innosurge, according to Street Insider.
Here are five takeaways:
1. Medovex is a developer of medical technology products headquartered in Atlanta.
2. Innosurge is a supplier of orthopedic surgery equipment.
3. The agreement covers the distribution of Medovex's DenerveX System throughout Scandinavia, including Denmark, Sweden, Norway and Finland.
4. The DenerveX System, currently in final development and not yet commercially available, is designed to provide long lasting relief of pain associated with the facet joint. It consists of the DenerveX device, a single use device, and the DenerveX Pro-40 Power Generator.
5. The DenerveX System is not yet CE marked or FDA-cleared.