Medical Developments International (ASX:MVP) has signed an...

Medical Developments International (ASX:MVP) has signed an exclusive agreement with PSUK to supply its range of respiratory devices in the UK.
   
The three year agreement is expected to drive ongoing sales of its devices in the UK given that PSUK supplies the majority of doctors and pharmacies in the country with medical devices.

PSUK’s parent Phoenix Healthcare Distribution Ltd is the third largest pharmaceutical and medical device wholesaler in the UK and Europe’s largest.

Separately, the company also continues to put in place the building blocks for a solid business in Europe after making its first sales into Belgium and the Netherlands.

This follows on distribution agreements for Italy and Greece that it had signed earlier this year.

Sales of its respiratory devices are expected to improve in the current financial year with a number of initiatives beginning to deliver growth.