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Micell Technologies Announces Development and Distribution Agreement to Bring MiStent SES to China
Date:10/1/2013

DURHAM, N.C., Oct. 1, 2013 /PRNewswire/ -- Micell Technologies, Inc. has entered into an agreement with Hefei Life Science Technology Park Investment and Development Co., Ltd. (Hefei Life Science), for the clinical development, marketing and distribution of the MiStent Sirolimus Eluting Absorbable Polymer Coronary Stent System (MiStent SES®) in the People's Republic of China ("PRC"), including Hong Kong and Macau. Hefei Life Science, based in Anhui Province in Eastern China, will fund and manage clinical development programs necessary to obtain regulatory approval for MiStent SES in the Chinese markets. 

Under the agreement, Micell will manufacture and supply MiStent SES for clinical and commercial use. Sinopharm, based in Shanghai and the first Chinese pharmaceutical company included in the Fortune Global 500 list, will provide distribution and logistical support while SinoMedCare, of Shanghai, will contribute marketing and sales support. The agreement includes annual purchase commitments commencing upon regulatory approval of MiStent SES for commercial sale in China.

"This agreement creates a strong opportunity for MiStent SES to enter the Chinese market and build upon our recent CE Mark approval in Europe," commented Arthur J. Benvenuto, Micell's Chairman and Chief Executive Officer. "Sinopharm and SinoMedCare bring strengths to this partnership with Hefei Life Science that we expect will make this important medical innovation in the coronary stent market readily accessible to patients in Greater China."

About the MiStent SES

The MiStent Sirolimus Eluting Absorbable Polymer Coro
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SOURCE Micell Technologies
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