Rösch market position strengthened
Berlin (ots)
- New order for INJEX(tm) - Inhalativ insulin from Pfizer delayed - Powderject disposes its needle-free powder injection
The Berlin company Rösch AG Medizintechnik (SIN 529140) announces an additional order for the needle-free injection system INJEX(tm) from Saudi Arabia, within the context of the co-operation with Burjuman Pharmaceutical Consultants (BPC), Dubai, UAE. The order volume comprises approximately DEM 750,000. August 2001 has been advised for full delivery.
This order comes under the first quarter of the 2001/2002 financial year of the company, which commences August 1.
For the first quarter Rösch AG has scheduled the start of sales activities for INJEX(tm) in France, where approval by health insurance companies has been granted and where it is being reimbursed. In Germany a decision on approval by the health insurance companies is expected and commencement of advertising activities is scheduled for the end of August/beginning of September 2001.
While Rösch AG is thus actively pushing its leading role on the market for needle-free injection systems, announcements by other companies are strengthening Rösch AG's market position.
On July 17, 2001 in the context of publishing its results for the second quarter, Pfizer Inc. announced a possible delay in FDA approval of its inhalational insulin.
Several days earlier Powderject Pharmaceuticals had announced that it will most likely dispose of its business area of needle-free powder injections. This method of injection requires the reformulation of liquid medications into powder, thus requiring a lengthy approval procedure. The time advantage of the Rösch systems was tremendous. The only important competitor to remain in sub-segments is now Weston Medical.
Contact:
Rösch AG Medizintechnik
Buckower Damm 114
12349 Berlin
Tel. +49 30 667915 37
Fax +49 30 667915 66
E-Mail: vorstand@roesch-ag.de