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CapsoVision Inc. announces distribution agreement with BRAUN Scandinavia A/S

October 24, 2011 – Under the terms of the agreement, BRAUN Scandinavia will be CapsoVision’s exclusive distributor in Denmark and Sweden.

CapsoVision’s initial product offering includes the CapsoCam SV1, an innovative GI capsule endoscopy system for the diagnosis of small bowel diseases including bleeding, cancer, celiac and Crohn’s disease. CapsoVision’s CapsoCam SV1 provides a new standard in capsule endoscopy, providing 360 degree imaging of the intestinal wall. The capsule records and self-stores the data, thus eliminating the need for cumbersome external recording harnesses required by first generation capsule endoscopy products.

Commenting on the agreement, CapsoVision’s CEO and Chief Technical Officer, Johnny Wang said, “The agreement with BRAUN Scandinavia represents another step forward for CapsoVision as we continue to expand our distribution network. We are excited to be partnering with BRAUN Scandinavia to distribute our products to physicians in Denmark and Sweden. We are very happy to be working with BRAUN Scandinavia, a company that meets our standards for enthusiastic and visionary partners, and we look forward to a long term relationship. Leading physicians who have participated in our clinical trials are excited about our product’s ease of use and the outstanding detection results that have been achieved.”