China Medical Technologies, Inc., a leading China-based medical device company that develops, manufactures and markets high intensity focused ultrasound ("HIFU") products and advanced in-vitro diagnostic systems, announced that it has entered into an exclusive distribution agreement with Century Medical, Inc., a leading Japan-based medical device distributor wholly owned by Itochu Corporation ("Itochu"), to distribute HIFU tumor therapy systems in Japan.

According to the terms of the agreement, China Medical's HIFU tumor therapy systems will be exclusively marketed and distributed by Century Medical in Japan after the designated marketing authorization approval, or "shonin," is obtained. Century Medical will work together with China Medical to obtain the shonin from the Japanese Ministry of Health, Labor and Welfare (the "MHLW"). China Medical intends to use the data from the clinical trials to be conducted in the U.S. to apply for the shonin and will bear all relevant costs.

"We are very pleased to appoint Century Medical as the exclusive distributor of our HIFU tumor therapy system in Japan upon obtaining the shonin," commented Mr. Xiaodong Wu, Chairman and CEO of China Medical. "We believe this partnership marks an important milestone for China Medical as it takes advantage of the strengths of both companies and sets a foundation to support the long term growth of our business by expanding into one of the world's largest medical device markets. In addition, we will continue to explore other cooperation opportunities with Century Medical for medical device distribution in Japan."

Source:佚名