Rhinomed updates on global distribution

Company News

Respiratory technology company Rhinomed (ASX:RNO) has updated investors on the expansion of its global distribution program.

It confirmed it has been added as a vendor by two major US based pharmacy wholesalers and the successful expansion of the listing of its Mute Sleep technology by Symbion in Australia.

The company confirmed it has been accepted as a vendor by the US based pharmacy wholesaler Amerisource Bergen.

It said its US-based independent medical representative team will be focusing on selling into and "unlocking the significant opportunity" in Amerisource Bergen’s pharmacy network. Initial store distribution details are still being determined.

Amerisource Bergen distributes both prescription and OTC products to a wide variety of health care providers located throughout the US, including hospitals, independent and chain retail pharmacies, mail-order facilities, physicians and clinics.

The group handles about 20 per cent of all of the pharmaceuticals sold and distributed throughout the USA.

Amerisource Bergen supplies close to 15,000 retail pharmacies, including 3,200 stores that sit within its Good Neighbor Pharmacies Program - one of the largest networks of independent community pharmacies in the USA.

Rhinomed has also been added as a vendor and opened its first account under major health care services company, Cardinal Health.

In Australia, the company has expanded the listing of its Mute technology with leading wholesaler Symbion. The Mute technology will now be able to be purchased by all the pharmacies in this network.

Symbion started distributing Mute within its pharmacy network in March 2015. Symbion has now expanded this presence and ranged Mute in the 900 strong Pharmacy Choice network and expanded access to Mute to its entire network of close on 3,500 pharmacies.

The company said acceptance as a vendor is the first step in unlocking the gateway to vital pharmacy networks it seeks to build a significant retail footprint in the US market.

Mute is an over-the-counter product that supports nasal breathing, enabling snorers or those with nasal obstruction and congestion to breathe more easily through their nose and help keep their mouth closed during sleep. Mute is designed to fit the natural anatomy of the nose and is individually adjustable on both sides so you can control the level of dilation and airflow.