other material
confidence high
sentiment positive
materiality 0.65
InfuSystem and Sanara secure exclusive US distribution deal for ChemoMouthpiece oral cryotherapy device
InfuSystem Holdings, Inc
- SI Technologies, a 50/50 JV between InfuSystem and Sanara, will be exclusive US distributor of ChemoMouthpiece's FDA 510(k)-cleared oral mucositis device.
- Sanara invested $5 million for a 6.6% ownership stake in ChemoMouthpiece; SI Technologies has a purchase option on the US business through January 2029.
- Product targets 500,000–1,000,000 annual oral mucositis patients; estimated US market exceeds $600 million.
- InfuSystem's existing oncology sales force will market the device to ~3,000 cancer centers.
- AMA issued a new CPT code (effective July 2024) for reimbursement of the oral cryotherapy procedure.