Fresenius Medical Care and CytoSorbents Expand Original Partnership and Add New Co-Marketing Agreement for Worldwide CytoSorb® Markets
January 09, 2017 at 08:00 am
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CytoSorbents Corporation and Fresenius Medical Care agreed to broaden the terms of their existing partnership and to add an expansive co-marketing agreement for CytoSorb in countries. Under the terms of the revised 3-year agreement, CytoSorbents extends FMC's exclusive distributorship of CytoSorb for critical care applications in France, Poland, Sweden, Denmark, Finland, and Norway through 2019. Within these countries, FMC will develop and promote an integrated CytoSorb CRRT kit consisting of CytoSorb and FMC's CytoSorb-compatible blood tubing set. As part of the deal, FMC agrees to make guaranteed minimum quarterly orders and payments, evaluable every one and a half years. Under the terms of a new comprehensive co-marketing agreement, CytoSorbents and FMC will jointly market CytoSorb and FMC's CytoSorb-compatible blood tubing sets to FMC's critical care customer base in all countries where CytoSorb is being actively commercialized, where feasible. CytoSorbents and its existing distributors will continue to market, take, sell, and fulfill all CytoSorb orders. FMC and its affiliates will identify and open new CytoSorb sales opportunities, make customer introductions with CytoSorbents and its assigned distributors, and take and fulfill orders for FMC's CytoSorb-compatible blood tubing sets. Both groups will jointly develop co-branded international marketing materials to support this program. FMC will also provide a written endorsement of CytoSorb for use with FMC's multiFiltrate and multiFiltratePRO acute care dialysis machines that can be used by CytoSorbents and its distribution partners to promote CytoSorb worldwide. It is expected that the written endorsement, joint marketing materials, and co-marketing program will commence starting in the second half of 2017.
CytoSorbents Corporation is engaged in the treatment of life-threatening conditions in intensive care (ICU) and cardiac surgery using blood purification via its proprietary polymer adsorption technology. The Companyâs flagship product, CytoSorb, is an extracorporeal cytokine absorber, designed to reduce the cytokine storm or cytokine release syndrome that could otherwise cause massive inflammation, organ failure and death in common critical illnesses, such as sepsis, burn injury, trauma, lung injury, cytokine release syndrome due to cancer immunotherapy, and pancreatitis. Its other products include CytoSorb, animal-targeted VetResQ, DrugSorb-ATR and ECOS-300CY. Its other product candidates under development, including CytoSorb XL, BetaSorb, ContrastSorb, DrugSorb, HemoDefend-RBC, HemoDefend-BGA, K+ontrol, and others consist of a cartridge containing adsorbent, porous polymer beads, although the polymers used in these devices are physically different.
CYTOSORBENTS CORPORATION 
