Medical Developments to sell respiratory devices at Kmart USA

Company News

by David Chau

Medical Developments International Ltd (ASX:MVP) has finalised a “Core Ranging” deal with Kmart Corporation in the United States (not to be confused with Australia's Kmart, owned by Wesfarmers).

The Australian company’s respiratory devices, called the Compact Anti-Static Space Chamber, will be sold at all 1,000 Kmart pharmacies in the US.

Under this deal, two different variations (or SKUs) of the company’s device will be supplied to all Kmart pharmacies by Cardinal Health, a Fortune 500 health care company.

Medical Developments says it's now selling its devices to more than 7,000 US pharmacies – taking into account sales at Walmart’s stores.

Yesterday, Medical Developments shares closed 1.77% lower at $5.00.

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