logo-loader
viewRhinomed Ltd

Rhinomed expands nasal dilation device into Israel

au_agreement_grayscale350_53f548c8c3a23.jpg

Rhinomed (ASX:RNO) should trade firmer after appointing Australian based EI Trading and its Israeli subsidiary AirActive as inaugural distribution partner for its Turbine nasal dilation device in Israel.

The deal seeks to introduce the Turbine range of technologies into the Israeli cycling and triathlon community and place the Turbine into over 450 Israeli cycling retailers.

Rhinomed is focused on producing leading technologies and launching these into the international marketplace.

Air Active has a strong relationship with the Israeli Pharmacy sector and will be utilising this network, alongside its partnership with leading bike retailers to grow the presence of the Turbine range in Israel.

A distributor with strong links into pharmacy retailers puts in place the foundations for extending the agreement to our sleep apnea range of products which Rhinomed is on track to launch later this year.

Last month, the Turbine was granted registration with the US Food and Drug Administration as a medical device.

The Turbine is an internal nasal dilator that increases airflow by an average of 38% and can assist athletes as a solution to breathlessness during aerobic exercise.

A recent independent high performance product trial showed that 66% of professional riders increased their power output at an average of 6.5%.

 US FDA registration of the Turbine is an important step in allowing the Turbine to enter the giant US market with premium positioning as a FDA class 1 medical device in the US.

The Turbine is currently sold on line and at selected retail outlets in Australia.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Rhinomed Ltd

Price: 0.076 AUD

ASX:RNO
Market: ASX
Market Cap: $12.86 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Arizona Silver Exploration will be going back to Philadelphia after drilling...

Arizona Silver Exploration (TSXV: AZS) (OTCQB: AZASF) VP of Exploration Greg Hahn joined Steve Darling from Proactive with some results from the company’s drill program at their Philadelphia project. Hahn discusses the next step the company is planning. Hahn also told Proactive they are...

9 hours, 56 minutes ago

2 min read