ProMedEx not renewing distribution contract with Insulet

01/02/2024 Argaam
Logo ofProfessional Medical Expertise Co. (ProMedEx)

Logo of Professional Medical Expertise Co. (ProMedEx)


Professional Medical Expertise Co. (ProMedEx) received, on Jan. 31, a notice from its supplier, Insulet Corporation, stating that the supplier is not willing to renew the non-exclusive distribution contract to sell its products.

 

The distribution contract allowing ProMedEx to sell Insulet’s products is effective until March 31, according to a statement to Tadawul.

 

In 2023, sales of Insulet's products constituted 3.34% of ProMedEx’s total sales, the statement added, noting that the non-renewal of the contract will not have any financial impact on the company.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.