Pharma: Sunridge Signs India Distribution Deal
June 23, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Sunridge International (SNDZ.OB) said it has signed an exclusive contract with New Amsterdam Marketing Corp. to distribute the company's PNT non-invasive glaucoma treatment in India. The five-year contract is valued at several million dollars.
Sunridge CEO, G. Richard Smith said, "We are introducing our PNT equipment and treatment in a number of markets around the world but India is a very special place, which we feel offers enormous opportunity for us.”
PNT is a two-minute, non-invasive treatment for glaucoma. The treatment only needs to be performed 3-4 times a year, allowing rural areas a treatment regime that might not otherwise be available to them, according to Sunridge.
Glaucoma is the second leading cause of blindness, affecting over 70 million people worldwide.
Arizona-based Sunridge International is a holding company is focused on strategic acquisitions of vertically integrated companies in the private sector.
The firm’s wholly owned subsidiary, Ophthalmic International, is a manufacturer of medical products with offices located near Phoenix, Arizona and Rome, Italy.
OI has developed a patented alternative treatment for glaucoma and ocular hypertension, known as Pneumatic Trabeculoplasty.
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