LONDON (Alliance News) - Cardiovascular monitoring company LiDCO Group PLC said it has signed a master distribution deal for the African market and has signed up new distributors in India and Malaysia.
The company said it has signed the master deal with LOK Corp covering a number of countries in southern Africa, including Botswana, Kenya, Mozambique, Namibia, Nigeria, Lesotho, South Africa, Swaziland, Tanzania and Zimbabwe.
LOK will promote LiDCO's product range in those countries and handle distributor management, in addition to regulatory and registration requirements needed in those countries.
In addition, LiDCO has signed two unnamed local partners for the Indian and Malaysian markets. Both have taken delivery of the company's products and are actively promoting them, LiDCO said.
No financial details were disclosed on the deals.
LiDCO shares were untraded on Thursday morning, having last traded at 7.62 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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