Carrington Laboratories Continues International Expansion With Two New Contracts
PR Newswire, Wednesday, April 01, 1998 at 08:48
IRVING, Texas, April 1 /PRNewswire/ -- Carrington Laboratories, Inc.,
(NASDAQ:CARN) has announced the signing of two new international contracts,
bringing to 21 the number of international contracts the company has executed
since a priority was placed on international sales.
Carrington executed a contract and has received an initial order for The
Carrington(R) Patch from Schein-Rexodent, Ltd., a United Kingdom-based
company, and wholly-owned subsidiary of Henry Schein, based in the U.S. Under
the contract, The Patch will be sold in the UK and Ireland under Schein's own
trademark. Formal launch of the product is expected this summer.
Carrington has also signed an agreement with Hemopharm, GmbH, a Frankfurt
(Germany) company that will distribute Carrington's oral and wound care
products in Yugoslavia through its sister company Hemofarm. Hemofarm is the
second largest pharmaceutical distribution company in Yugoslavia. It
currently has six Carrington products under registration with six more to
follow soon. The first set of products is expected to receive approval this
summer with initial launch shortly thereafter.
"International revenues for wound care and oral technologies are growing
according to plan," said Chris Record, vice president of Business Development.
"Now that we have our ISO 9001 designation and 'CE' mark, we anticipate
international activities will continue to grow throughout the year.
Carrington, as an ISO 9001 company, now has international recognition as a
quality provider. Based on this recognition, we expect continued
international growth."
Carrington Laboratories, Inc., is an emerging research-based
pharmaceutical and medical device company engaged in developing naturally-
occurring, complex carbohydrates, other nature-based therapeutics and oral
technology products, and in manufacturing and marketing products for the
management of wounds and for consumer products made from naturally-occurring
Aloe vera L. Carrington currently markets more than 70 application-specific
products. |
