NanoVibronix Signs Term Sheet With Apogepha for Europe Distribution of UroShield Urology Therapy Device

MT Newswires Live10-09

NanoVibronix (NAOV) said Wednesday that it signed a non-binding term sheet for a license and supply agreement with Apogepha Arzneimittel for its UroShield urology therapy device.

The company said it and the German pharmaceutical company plan to enter into a definitive agreement under which Apogepha will distribute UroShield throughout Europe.

Financial terms were not disclosed.

The ultrasound-based product reduces catheter-associated urinary tract infections and decreases the pain and of urinary catheter use, the company said.

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