Osteopore (ASX: OSX) deepens its footprint in Australia with MAXONIQ deal

2 min read | May 10, 2022 05:09 PM AEST | By Aditi Sarkar

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Osteopore (ASX: OSX) deepens its footprint in Australia with MAXONIQ deal — Image source: © Boggy | Megapixl.com

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Highlights

Osteopore strikes a deal with MAXONIQ to promote and market its products in Australia and New Zealand.

Osteomesh® is TGA certified, which will allow MAXONIQ to start engaging with doctors and hospitals immediately

The agreement will provide a stronger foothold to OSX in the Australian market

Osteopore Limited (ASX:OSX), a medical technology company, has taken a significant step towards growing its market in Australia and New Zealand. The company, specialising in innovative regenerative implants, has signed an Exclusive Distribution Agreement with MAXONIQ, an Australian company that focuses on solutions for complex oral and maxillofacial applications.

Under the agreement, MAXONIQ will now promote and sell Osteopore’s products across Australia and New Zealand for orbit reconstruction.

Based in Australia and Singapore, Osteopore commercialises a variety of tailored products particularly engineered to assist bone healing across several therapeutic areas. It is a global leader in producing innovative regenerative implants that enable natural tissue regeneration.

What does the deal bring to the table?

This agreement with MAXONIQ is one of the several initiatives taken by Osteopore to increase the accessibility of its products to surgeons on a global basis.

MAXONIQ has more than six years of design, fabrication, clinical experience, and a well-established network. Further, it has sales and client support required for Osteopore to drive interest amongst surgeons within the sector.

Talking about the deal, Osteopore Executive Chairman Mark Leong said, “This MAXONIQ partnership will help strengthen our reach beyond the Cranial space into the OMF area where our solutions have been successfully adopted in Asia. This also helps us gain a deeper foothold into our home market of Australia.”

Stock information: OSX shares were trading at AU$0.185, with a gain of nearly 3% at 02:35 PM AEST on 10 May 2022.

Also read: MX1, MDR, and OSX: Medical technology stocks from ASX

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