Milestone Scientific Grants Sinopharm Exclusive Distribution and Marketing Rights to STA Syste...( China's Largest Distributor of Medica...),Health
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Milestone Scientific Grants Sinopharm Exclusive Distribution and Marketing Rights to STA System in China
Date:4/29/2009
China's Largest Distributor of Medical and Dental Products to Market Milestone's Award-Winning Computer-Controlled Local Anesthetic Delivery System to China's Dental Industry
LIVINGSTON, N.J., April 29 /PRNewswire-FirstCall/ -- Milestone Scientific Inc. (OTC Bulletin Board: MLSS), the recognized leader in advanced injection technologies, today announced that it has granted China National Medicines Corporation, d/b/a Sinopharm, exclusive distribution and marketing rights of the award-winning STA Single Tooth Anesthesia System(TM) (STA System) in China. Traded on the Shanghai Stock Exchange (SHA:600511), Sinopharm is China's largest domestic manufacturer, distributor and marketer of pharmaceuticals and importer of medical devices, and the country's largest domestic distributor of dental anesthetic carpules to the Chinese dental industry.
The deal paves the way for Milestone's Computer-Controlled Local Anesthetic Delivery (C-CLAD) technologies to reach progressive oral health practitioners in China through Sinopharm's extensive medical and dental distribution network. According to Global Industry Analysts, Inc., one of the world's largest market research publishers, "Rapid growth in living standards has induced greater realization about the quality of medical and dental services in countries such as India and China. Consequently, these countries are exhibiting soaring demand for modern and sophisticated technology and equipment in the dental market." Market research firm Freedonia also notes that "demand for dental products in China is expected to climb 11% per year through 2012 to 21.5 billion yuan ($3.15 billion U.S. dollars), driven by the increasing number of Chinese who are using dental products to improve their appearance and the growing popularity of professional dental care."
Leonard Osser, Chairman and interim CEO of Milestone, stated, "An important factor of Milestone's long
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