MicroPort CardioFlow Enters Distribution Agreements With Shareholder

MT Newswires Live

04/09

MicroPort CardioFlow Medtech (HKG:2160) said it entered distribution agreements with its substantial shareholder MicroPort, according to a Hong Kong bourse filing Wednesday.

Shares of the medical device company were 3% lower in morning trade Thursday.

Under the agreements, MicroPort CardioFlow received non-exclusive rights to distribute certain products overseas.

The distribution frameworks will last until Dec. 31, 2028, the firm said.

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