Milestone Scientific received a blanket purchase order from China National Medicines for 12,000 STA systems, deliverable over the next 36 months, the company announced.
Traded on the Shanghai Stock Exchange, China National Medicines Corporation (doing business as Sinopharm), is China's largest domestic manufacturer, distributor, and marketer of pharmaceuticals and importer of medical devices and the country's largest domestic distributor of local anesthetic dental carpules to the dental profession in China today, according to Milestone.
In April of this year, Milestone granted Sinopharm exclusive distribution and marketing rights to the STA system in China. Prior to issuing this purchase order, Sinopharm's orders to date have provided for the shipment of 500 STA systems and 500,000 related disposable hand pieces to China, the company noted.
"In view of the prevailing size and scope of the market opportunity in China, being driven by a growing emphasis on proactive dental care for China's citizens, Sinopharm should prove to be well placed geographically in Milestone's global market penetration strategy," said Leonard Osser, CEO of Milestone, in a press release.
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