Response Biomedical expands distribution of cardiovascular products in the U.S.

Vancouver's Response Biomedical Corp. (TSC: RBM) (OTCBB: RPBIF) has entered into a distribution agreement with Laboratory Supply Company, Inc. (LABSCO) in Louisville, Kentucky, to distribute ...

Vancouver's Response Biomedical Corp. (TSC: RBM) (OTCBB: RPBIF) has entered into a distribution agreement with Laboratory Supply Company, Inc. (LABSCO) in Louisville, Kentucky, to distribute cardiovascular products in the U.S. to hospitals with fewer than 150 beds.

LABSCO is the largest privately held distributor of clinical lab products in the U.S.

"This is a very important agreement for Response as it marks a significant step into the U.S. market for POCT [point-of-care testing] in the cardiovascular areana, which is one of the largest markets in the world," said Tim Shannon, Response Biomedical Corp.'s senior vice-president of worldwide sales and marketing.

"LABSCO has the experience and reputation to maximize our efforts to gain traction and to help us penetrate a market that we believe will greatly enhance our growth in the near term and beyond."

The POCT market in the U.S. is worth an estimated $3.1 billion.

ecrawford@biv.com

@EmmaCrawfordBIV

comments powered by Disqus

More from Technology

BIV on Global BC August 25, 2016: Snapchat lawsuit

Read Article

Vancouver tech company targets nanomedicine niche

Precision NanoSystems develops a faster, cheaper way to produce nanoparticles

Read Article

Obamacare gives local health tech a helping hand

Increased screening in U.S. helps accelerate Vancouver company’s growth

Read Article

Making the business case for corporate data-driven decisions

Decision analytics company applies deep data to challenges faced by energy, water and government sectors around the world

Read Article

Vancouver-based company sues Snapchat for patent infringement

Investel Capital Corp. lawsuit centres on social media giant’s use of geofilters that pinpoint customers’ locations

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×