Viromed Medical AG, DE000A3MQR65

Viromed Medical AG / DE000A3MQR65

05.07.2024 - 17:30:23

Viromed Medical AG: Viromed Medical GmbH and terraplasma medical GmbH terminate their cooperation with immediate effect

EQS-Ad-hoc: Viromed Medical AG / Key word(s): Miscellaneous

05-Jul-2024 / 17:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Pinneberg, 5 July 2024 – Viromed Medical GmbH, a wholly owned subsidiary of Viromed Medical AG, and terraplasma medical GmbH have today terminated their business relation with immediate effect. As part of the previous cooperation, Viromed Medical GmbH held the exclusive distribution rights for a cold plasma device developed by terraplasma medical GmbH in the German-speaking region (Germany, Austria, Switzerland), with which Viromed Medical GmbH generated slightly less than half of its annual revenue in the 2023 financial year. Already in the past, various manufacturers of comparable devices had expressed interest in cooperating with Viromed Medical GmbH. However, given the exclusivity agreement with terraplasma medical GmbH, Viromed Medical GmbH was unable to take advantage of these opportunities. This restriction now no longer applies, so that Viromed Medical AG sees the possibility of expanding its sales potential in future by selling its own cold plasma devices worldwide. Viromed Medical AG plans to be present on the market with its own cold plasma product series at the beginning of the fourth quarter of 2024. As a first step, Viromed Medical AG is planning to enter the European market.

Contact Viromed Medical AG Uwe Perbandt
Flensburger Strasse 18
25421 Pinneberg

End of Inside Information

05-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Viromed Medical AG
Flensburger Straße 18
25421 Pinneberg
Phone: +49 4101 809960
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg
EQS News ID: 1940807

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1940807  05-Jul-2024 CET/CEST