other material
confidence high
sentiment positive
materiality 0.65
NanoVibronix extends distribution pact with largest distributor UPPI, secures purchase guarantees through 2023
ENvue Medical, Inc.
- Extends exclusive distribution of PainShield and PainShield Plus to UPPI for DME sector in the US.
- Immediate re-stocking order and minimum purchase guarantees through end of 2023.
- Term runs 12 months or until CMS assigns reimbursement value, whichever comes first.
- CMS application submitted March 2023; reimbursements could start as early as October 1, 2023 if approved.
- UPPI is NanoVibronix's largest PainShield distributor.