Maayan Ventures Ltd. (TASE:MAYN) portfolio company ReDent-Nova Ltd. has signed a five-year worldwide distribution deal for its dental products with Henry Schein Inc. (Nasdaq: HSIC). ReDent estimates sales from the exclusive agreement, which covers North America and some European countries, will bring its total revenue to $3 million over the next 12 months.
The agreement follows other distribution deals by ReDent.
According to ReDent, Henry Schein is one of the world's largest wholesalers of dentistry equipment, medical devices, and services, operating in 200 countries. It will distribute ReDent's self-adjusting file (SAF) for root canal treatments and its Vatea irrigation device for the SAF.
ReDent claims that the SAF is well known for its ability to clean and disinfect the root canal, as well as for its safety aspects thanks its strength and ability to withstand breaks compared with other files currently on the market. The Vatea enables efficient and effective washing of the root canal. ReDent has published a study on the SAF in the current issue of "Journal of Endodontics".
Published by Globes [online], Israel business news - www.globes-online.com - on April 18, 2010
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