Aequus Signs Exclusive Distribution Agreement with Advanced Ophthalmic Innovations for the PAUL® Glaucoma Drainage Device in Canada
VANCOUVER, BC – Aequus Pharmaceuticals Inc. (TSX-V: AQS,OTCQB: AQSZF) (“Aequus” or the “Company”), a specialty pharmaceutical company focused on bringing healthcare solutions to Canadians through licensing and partnerships, and Advanced Ophthalmic Innovations (“AOI”), a research and development company for innovative ophthalmic implants, announce the signing of an exclusive distribution agreement for the PAUL® glaucoma drainage device in Canada.
“The PAUL® device is approved in over 40 countries and used by some of the leading Ophthalmologists around the world – we are excited to bring it to Canada and provide Canadians a new and innovative treatment option for glaucoma. We look forward to working closely with the AOI team to launch the PAUL® device in Canada as early as Q4 this year” said Grant Larsen, CCO of Aequus.
“ZIMED® PF sales are continuing to accelerate, and the PAUL® device will further expand our value-added product portfolio in the glaucoma market. This is a synergistic addition to our existing sales infrastructure and further demonstrates our commitment to the improvement of eyecare in Canada” said Doug Janzen, CEO and Chairman of Aequus.
Under the terms of the agreement, AOI will supply the PAUL® device and gain market authorization, and Aequus will be responsible for the marketing, distribution, sales, and supporting ongoing regulatory and market access activities.
ABOUT THE PAUL® GLAUCOMA IMPLANT:
Already available in over 40 countries around the world, PAUL® is a glaucoma drainage device designed to regulate intraocular pressure in the patient’s eyes and prevent further progression of the disease. PAUL® has introduced many innovative design features and unified these into one device and offers an innovative solution for patients with moderate to severe glaucoma.
ABOUT ADVANCED OPHTHALMIC INNOVATIONS (AOI):
AOI is a research and development company based in Singapore and focuses on creating and manufacturing innovative ophthalmic implants. AOI is committed to bringing long-term vision-protecting solutions to glaucoma patients worldwide. For more information about AOI, please visit: https://aoi.sg/
ABOUT AEQUUS PHARMACEUTICALS INC.
Aequus Pharmaceuticals Inc.(TSX-V: AQS, OTCQB: AQSZF) is specialty pharmaceutical company focused on developing and commercializing high quality, differentiated products in ophthalmology. Aequus plans to build on its Canadian commercial platform through the launch of additional products that are either created internally or brought in through an acquisition or license; remaining focused on highly specialized therapeutic areas. For further information, please visit www.aequuspharma.ca.
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