Medical device company, Compumedics Ltd
(ASX:CMP), has secured a new 3-year contract with Bestmed, a medical technology company in China.
This contract is for the distribution, in China, of Compumedics’ monitoring systems for neurological diseases.
Compumedics says Bestmed is one of its seven distribution partners across China, HK and Macau.
The company says this deal will generate at least $3 million revenue – with each of its monitoring systems costing between $10,000 and $20,000.
Compumedics reported a net profit of $1.9 million at 31 December 2015.
