other material
confidence high
sentiment positive
materiality 0.40
INVO Bioscience enters exclusive distribution agreement with Ming Mei Technology for Taiwan
INVO Fertility, Inc.
- Exclusive distributor for Taiwan with initial 1-year term, renewable automatically.
- Ming Mei estimates ~90% coverage of reagents and consumables in Taiwan's reproductive medicine market.
- Planned introduction of INVOcell in early 2023; Taiwan had ~55,000 ART cases in 2019.
- CEO cites decreasing birth rates and rising treatment costs as market drivers.
- Agreement includes exclusive rights to INVO trademarks in Taiwan for product sales.