The company has a non-invasive device for bed sores.
LifeWave Hi-Tech Medical Devices Ltd. (TASE:LIFE) has signed n memorandum of understanding (MOU) for a four-year distribution agreement with an Israeli company for the company's bed sore treatment device and peripherals. The distributor will buy devices for a minimum of 5,000 patients. LifeWave estimates the value of the deal at NIS 2 million over the first two years.
LifeWave's bedsore treatment is a non-invasive electrical stimulation medical device designed to treat chronic wounds. The company's share rose 3.8% by midday to NIS 2.19.
Published by Globes [online], Israel business news - www.globes-online.com - on December 21, 2008
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