Inspiration Healthcare pens extensions to long-term distribution contracts

International medical device company Inspiration Healthcare on Tuesday renewed its long-term distribution contracts with TecCom GmbH and infusion pump manufacturers Micrel Medical Devices SA.

AIM-traded company Inspiration Healthcare has been the exclusive distributor of TecCom products, including the Tecotherm Neo product which is used to cool and warm babies in neonatal intensive care settings, for over 11 years.

The aforementioned treatment is applied to counteract neonatal encephalopathy, a condition that can cause cerebral palsy in a newborn.

Inspiration Healthcare said it has helped establish TecCom’s range of products as market leaders in many countries around the world through supporting clinical research.

Meanwhile, Micrel’s infusion pump products are used in a wide range of infusion therapies including parenteral feeding, post-operative pain management, regional analgesia, chemotherapy and a range of other applications.

Neil Campbell, chief executive of Inspiration Healthcare, said: "We have worked successfully with both these companies for many years and are delighted to have been able to extend the relationship for future years. Both companies have outstanding products which have proven many times that they will improve the medical outcomes for patients and this is the fundamental criteria for Inspiration Healthcare selecting partners with which we can work."

As of 1034 BST, Inspiration Healthcare’s shares were up 2.96% at 69.50p.