Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Advanced Accelerator Application SA (AAAP) Signs Another NETSPOT Supplier in Cardinal Health

Advanced Accelerator Application SA (NASDAQ:AAAP) has inked a NETSPOT distribution deal with Cardinal Health Inc (NYSE:CAH), bringing to two the number of partners tapped to supply the patented product. NETSPOT is a kit that prepares the injection of Ga 68 dotatate for injection for the localization of tumors in PET scans.

AAAP said that the agreement gives Cardinal Health the rights to supply NETSPOT to hospitals and imaging centers in the U.S. The company hopes that the deal with Cardinal will ensure that NETSPOT is available in all treatment and diagnosis locations where strong demand for the product is expected.

Extensive network

AAAP is betting that it can tap into Cardinal Health’s extensive network and expertise in the distribution of kit-based products to make NETSPOT broadly available in the U.S., thus unlocking more sales opportunities for the product.

Most Advanced Countries in Medicine

everything possible/

Advanced Accelerator Application CEO Stefano Buono said that the distribution agreement with Cardinal is non-exclusive. That means that AAAP is free to sign up multiple similar deals with other distributors to carry NETSPOT in the U.S. and elsewhere.

Besides betting on the reputation of distribution partners to make NETSPOT popular, AAAP also touts the product as important in improving the accuracy of diagnosis and reducing patient’s radio exposure. NETSPOT is designed for use in both adult and pediatric patients.

Advanced Accelerator Application SA (NASDAQ:AAAP) didn’t disclose the financial terms of the NETSPOT distribution agreement with Cardinal Health. It limited itself to saying in a press release that it expected mutual benefits in the arrangement. While AAAP will be enjoying exposure to an extensive distribution network for NETSPOT in the U.S., Cardinal Health will be carrying a potentially lucrative product for the diagnosis market.

Other NETSPOT distributors

Cardinal Health becomes the second partner to be tapped for the distribution of NETSPOT. Advanced Accelerator Application SA (NASDAQ:AAAP) earlier this year signed Zevacor Pharma to carry the product, targeting advanced imaging centers.

NETSPOT has already received orphan drug designation.

Note: This article is written by Andy Parker and originally published at Market Exclusive.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.