August 16, 2011 – Under the terms of this agreement, Shaili Endoscopy will be CapsoVision’s exclusive distributor in India and Sri Lanka. This agreement marks CapsoVision’s first expansion outside of Europe. Shaili Endoscopy is a highly regarded leader in the manufacture and distribution of diagnostic and therapeutic endoscopy products.
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 Shaili Endoscopy is another important step forward for CapsoVision as we enter the global market. We are excited to be partnering with Shaili Endoscopy to promote and distribute our products to the medical community in India and Sri Lanka. We are very happy that Shaili Endoscopy shares our enthusiasm and vision, and we are looking 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.”