Cepheid
Cepheid Appoints LABSCO as US Small Hospital Distributor
Published in Medical Devices and Surgical Technology Week, June 5th, 2011
2011 JUN 5 -- Cepheid (NASDAQ: CPHD) announced it has entered into an agreement with LABSCO (www.labsco.com), the largest privately held distributor of clinical products in the United States, to become its US distribution partner for Cepheid's GeneXpert® Systems and tests. The agreement grants LABSCO exclusive US distribution rights to the acute care hospital market for institutions with less than 150 beds. The agreement does not presently include the higher throughput GeneXpert Infinity System.
"There are more than 3900 US hospitals with less than 150 beds which have not been a primary focus of Cepheid to date. The decision to engage on a nationwide...
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