QualityStocks would like to highlight PLC Systems Inc. (OTCBB: PLCSF), a medical device company focused on innovative technologies for the cardiac and vascular markets. PLC's newest product, RenalGuard, has been developed to help prevent the onset of Contrast-Induced Nephropathy (CIN) in at-risk patients undergoing certain cardiac and vascular imaging procedures.
In the company’s news yesterday,
PLC Systems announced that it has signed new distribution agreements for RenalGuard® with Girlow USA LLC, Cenas, Co. Ltd, and Pyramed Ltd., which expands the company’s reach in Mexico, Central America, and South America, as well as Turkey and the United Kingdom.
“These new distributors will enable PLC to expand the use of RenalGuard more deeply in important markets in Europe, and to continue our penetration of the growing healthcare markets in Mexico, Central America and South America,” Mark R. Tauscher, president and CEO of PLC Systems stated in the press release. “Our new partners are successful distributors in their respective markets and we believe their addition to our worldwide distributor network will help in our efforts to increase worldwide adoption of RenalGuard.”
RenalGuard is CE-marked, which means it can be sold immediately in the United Kingdom; Cenas has applied for Ministry of Health approval to market the product in Turkey; Girlow USA is registering RenalGuard for sale in Mexico, as well as on a country by country basis in Central America and South America.
In late 2011, PLC System commenced the U.S. pivotal trial of RenalGuard, which is required to secure approval from the U.S. Food & Drug Administration to market and sell RenalGuard in the United States.
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