Electromed, Inc. to Distribute Aerobika® OPEP Device
NEW PRAGUE, Minn.–(BUSINESS WIRE)–Electromed, Inc. (NYSE MKT:ELMD) today announced entry into an agreement
with Monaghan Medical Corporation to distribute and sell the Aerobika®
Oscillating Positive Expiratory Pressure (OPEP) Device in the United
States homecare market. Electromed will begin sales of the Aerobika®
OPEP device in targeted geographies in the third quarter of its fiscal
2017, with planned expansion prior to the end of the fiscal year.
“We are thrilled to expand Electromed’s airway clearance therapy product
portfolio and broaden the patient population we serve by offering the Aerobika® OPEP
device to the homecare market for the first time,” commented Kathleen
Skarvan, President and Chief Executive Officer of Electromed. “The Aerobika® OPEP
device is a best-in-class airway clearance therapy for patients with
compromised pulmonary function that may not need high frequency chest
wall oscillation (HFCWO), which is the therapy delivered by our SmartVest®
Airway Clearance System, or qualify for HFCWO reimbursement. Monaghan
Medical shares our commitment to a patient-first culture, published
evidence, and an unwavering focus on designing, manufacturing and
marketing innovative airway clearance products.”
The Aerobika® OPEP device is a drug-free,
easy to use, hand-held device with a proprietary pressure-oscillation
dynamic that provides intermittent resistance and creates positive
pressure and oscillations simultaneously. The Aerobika® OPEP
device opens weak or collapsed airways to mobilize and assist
mucociliary clearance to the upper airways where it can be coughed out.
Clinical evidence demonstrates that using the Aerobika® OPEP
device improves the ability to bring up mucus, decreases cough frequency
and breathlessness, and increases exercise tolerance resulting in a
better quality of life.
Bill Seitz, Vice President of Sales & Marketing at Monaghan Medical,
commented, “We are excited about the opportunity to work with Electromed
in the homecare market. Electromed has strong relationships with
pulmonary clinicians throughout the United States and their business
model offers an ideal opportunity for Monaghan Medical to offer its
airway clearance product to more patients at home.”
Electromed intends to distribute the Aerobika®
OPEP device directly to patients, upon receipt of physician
prescriptions. Electromed currently anticipates minimal impact to fiscal
2017 revenues and expenses resulting from the new agreement.
About Electromed, Inc.
Electromed manufactures, markets, and sells products that provide airway
clearance therapy, including the SmartVest® Airway Clearance
System, to patients with compromised pulmonary function. It is
headquartered in New Prague, Minnesota and founded in 1992. Further
information about Electromed can be found at www.smartvest.com.
About Monaghan Medical Corporation
Monaghan Medical offers aerosol drug delivery devices and respiratory
management products, including the AeroEclipse® II
Breath-Actuated Nebulizer, AeroChamber® brand
of Valved Holding Chambers and the Aerobika® OPEP
device. The strength of Monaghan Medical lies in product development
around core capabilities in mechanical design complimented by
collaboration with a state-of-the-art aerosol research laboratory.
Monaghan Medical focuses on developing cost-efficient, outcome-based
solutions for its customers. Further information about Monaghan Medical
can be found at http://www.monaghanmed.com/.
Contacts
Electromed, Inc.
Kathleen Skarvan, 952-758-9299
President and
CEO
kskarvan@electromed.com
