Ventripoint Sees First Commercial Sales In China Through Joint Venture

Ventripoint Diagnostics (TSXV: VPT) this morning issued a brief press release related to its joint venture based in China. The venture partner, Yutian Medical Shanghai, has indicated a successfully engagement with key leaders within the echocardiography sector in China, as well as the first sales in the country.

The announcement follows training sessions for the ventures QAS VMS systems that were conducted in the country for more than 60 echocardiologists. Organized by the China Medical Association’s intensive care division, the program was offered by a leading university hospital in the country.

In addition to the training session, and perhaps more importantly, the company indicated that Yutian has secured significant distribution agreements. To date the venture has appointed several tier-1 distributors throughout the country, with minimum sales targets in aggregate amounting to approximately C$6.0 million for 2021. This figure is expected to continue to grow as the firms distribution expands in the country, with the first commercial sale to a tier-1 hospital also being recorded in the country. Details of the transaction were not provided.

Ventripoint Diagnostics last traded at $0.435 on the TSX Venture.


FULL DISCLOSURE: Ventripoint Diagnostics is a client of Canacom Group, the parent company of The Deep Dive. The company has been compensated to cover Ventripoint Diagnostics on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Steadright To Conduct Multi-Phased Exploration At Historic Goundafa Polymetallic Mine

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Related News

Evergrande Narrowly Averts Default Again, Makes Last Minute Interest Payment

The fate of China’s most indebted property developer Evergrande was hanging on its last thread...

Thursday, November 11, 2021, 10:26:00 AM

Trudeau Assures Fight Against Chinese Interference On Elections… Ten Months After He Was Briefed

Prime Minister Justin Trudeau assured Canadians that the federal government is taking “significant measures” to...

Tuesday, November 8, 2022, 04:36:00 PM

Gold Soars to Highest Since February Amid Reports of Upcoming Chinese Imports

Gold prices soared to a new seven-week high, amid a decline in bonds and reports...

Friday, April 16, 2021, 04:08:00 PM

Ventripoint Looks To Raise $5.0 Million Via Bought Deal

Ventripoint Diagnostics (TSXV: VPT) this evening was halted for trading, ahead of announcing that the...

Tuesday, September 28, 2021, 07:33:00 AM

China Wants To Contain Selling, Orders State Banks To Purchase Stocks Instead

China is reportedly directing its state banks to purchase stocks, hoping to prevent excessive selling....

Monday, September 26, 2022, 12:09:09 PM