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Osprey Medical: Lands four-year distribution deal with healthcare giant

Osprey Medical: Lands four-year distribution deal with healthcare giant

  • Osprey Medical (OSP) landed a four-year distribution deal with global medical giant GE Healthcare today
  • Under the deal, GE Healthcare will also distribute Osprey’s products to some key global markets over the next four years
  • With GE Healthcare bringing in around $16.7 billion in annual revenue, this the biggest deal signed by Osprey in company history
  • This in turn dramatically reduces the risk of a patient developing acute kidney injury (AKI)
  • GE Healthcare is one of the biggest producers of medical dye for imaging in the world
  • Shares in Osprey are trading over four per cent higher today, currently worth 4.7 cents each

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