Equidyne to Distribute INJEX Through 250 Stop & Shop Pharmacies
SAN DIEGO, Calif.--(BW HealthWire)--Oct. 11, 2001--EQUIDYNE CORPORATION
(AMEX:IJX - news) announced today that the company has finalized an agreement with
Royal Ahold NV and its subsidiary, the Stop & Shop Supermarket Company, to distribute
and co-market the INJEX(TM) Needle-Free Drug Delivery System developed and
manufactured by Equidyne, through approximately 250 Stop & Shop stores located
throughout five states.
Stop & Shop is the largest food retailer in New England, employing more than 60,000
associates and operating more than 319 stores throughout Connecticut, Massachusetts, New
York, New Jersey and Rhode Island. Its parent company, Royal Ahold NV, based in the
Netherlands, is one of the largest food retailers in the world with supermarket companies in
the United States, Europe, Latin America and Asia and annual sales of US$35 billion.
``This agreement represents a major step toward expanding our retail distribution of
INJEX(TM) in the U.S. diabetes market,'' said Dr. James Gavin, Chairman of Equidyne.
``Stop & Shop has superior brand-name recognition and is backed by one of the world's
largest food retailers. We are pleased to add a company of this stature to our team of retail
marketing partners.''
Under the agreement, Super Stop & Shop locations with retail pharmacies will stock the
INJEX(TM) product line in their stores. The stores also will participate in a program to
promote INJEX(TM) during National Diabetes Month. The stores will host approximately 20
Diabetes Awareness Programs on Saturdays in October and November in stores located in
Massachusetts, Connecticut and Rhode Island.
``By making the INJEX(TM) Needle-Free Delivery System available at Stop & Shop
Pharmacies, we will be providing our diabetes customers, who may be uncomfortable with
needle injections of insulin, the opportunity to try this clinically proven product,'' stated Andy
Olem, R.Ph., Diabetes Care Coordinator at Stop & Shop.
As part of Stop & Shop's continuing efforts to support people with diabetes, in-store
programs such as diabetes food and pharmacy tours, diabetes alert day screenings and
diabetes care days are offered regularly to educate people with diabetes on managing and controlling their disease.
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