Optical breast imaging developer DOBI Medical Systems of Mahwah, NJ, has inked a deal for distribution of its ComfortScan system in India.
DOBI signed the agreement with United Telecoms Limited (UTL) of Bangalore, India for marketing, sales, and service of ComfortScan in the country. The agreement calls for UTL to purchase 40 ComfortScan systems over the next 18 months, with an initial purchase order of six systems to occur in the third quarter of 2004.
The deal is subject to the completion of an initial clinical trial, the issuance of UTL purchase orders, and the receipt of a non-refundable deposit. The companies say they are planning collaboration in the future that may include local manufacturing.
By AuntMinnie.com staff writersJune 23, 2004
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