Distribution Agreement and MoU

RNS Number : 7187T

Inspiration Healthcare Group PLC

29 March 2021

 

Inspiration Healthcare Group plc

("Inspiration Healthcare", the "Company" or the "Group")

Micrel Distribution Agreement and

Infant Centre, Cork MoU

Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company, is pleased to announce that it has signed a new three year agreement with Micrel SA, a leading manufacturer of infusion devices. The agreement is a renewal of an existing agreement which has been in place for some years for the distribution of Micrel's products in the UK and Ireland which are used in a wide range of infusion therapies including parenteral feeding, post-operative pain management, regional analgesia, chemotherapy and a range of other applications. Most recently, Inspiration Healthcare has been shifting its focus towards developing a greater share of the UK infusion therapy market and it has recently won an order for 100 Micrel syringe drivers for use in Chemotherapy Therapy from a major NHS Trust. 

Inspiration is also delighted to announce that it has signed a  Memorandum of Understanding with the Irish Centre for Maternal and Child Health Research (INFANT) at University College Cork (UCC), Ireland, a research centre focused on pregnancy, birth and early childhood. The agreement allows for Inspiration and INFANT to work closely together on research and innovation projects relating to sick and premature babies, helping with regulatory work and clinical user feedback.

Neil Campbell, Chief Executive Officer, commented: "We are delighted to have extended our successful relationship with Micrel with whom we have worked for many years and are excited in the opportunities we have for continuing to grow this important part of our business as we focus on new therapy areas for their technology. We are also pleased to announce the agreement with the INFANT Centre in Cork, where much important research work is carried out and where we believe we can add significant value working by sharing our experience and technological know how to improve outcomes for mothers and babies." 

Enquiries:

Inspiration Healthcare Group plc Neil Campbell, Chief Executive Officer Jon Ballard, Chief Financial Officer	Tel: [phone]
Nominated Adviser & Broker Cenkos Securities plc Mark Connelly Stephen Keys	Tel: [phone]
Cadogan PR  Alex Walters [e-mail]	Tel: [phone]

About Inspiration Healthcare Group

www.inspirationhealthcaregroup.plc.uk

Inspiration Healthcare (AIM: IHC) is a global provider of medical technology for use in critical care & operating theatres. The Company provides high-quality, innovative products to patients around the world which help to improve patient outcomes, and it actively invests in innovative product opportunities and disruptive technologies.

The Group currently consists of three companies: Inspiration Healthcare Ltd, SLE Ltd and Viomedex Ltd and under these brands the Group sells neonatal intensive care and operating theatre equipment around the work through a network of distributors into over 75 countries.  Products range from highly sophisticated capital equipment through to single use disposables all that can help improve outcomes of extremely sick patients.

In the UK and Ireland the Group offers direct sales for most of its products supported by Technical Service offering on site and return to base repair and maintenance along with 24/7 emergency hire of equipment and long term lease arrangements for its own brand products.  The Group also acts as a distributor for 3^rd party companies that wish to access the NHS using the Group's sales and service expertise and knowledge of the NHS

The Group invests in growth through Research and Development holding numerous patents on its technology and has strong links with academic Key Opinion Leaders around the world and supports clinical research in the field of neonatal intensive care.

Further information on Inspiration Healthcare Group plc can be seen at  www.inspirationhealthcaregroup.plc.uk  

 

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