Guerbet Expands Distribution Partnership in Canada with Methapharm

News provided by

Feb 01, 2017, 09:04 ET

Longstanding Distribution Partner Will Now Offer Full Guerbet Product Line in Canada

PRINCETON, N.J., Feb. 1, 2017 /PRNewswire/ -- Guerbet (FR0000032526 GBT), the global specialist in contrast agents and solutions for medical imaging, announced that as of February 1st, 2017, Methapharm will promote and distribute all Guerbet products in Canada.

"As a result of our excellent experience with Methapharm over the past four years, we have expanded the range of Guerbet products in their care for promotion and distribution," says Massimo Carrara, VP North America, Guerbet. "We are confident that our successful partnership with Methapharm will continue to flourish with this expanded product line." Guerbet is committed to partnering with local associates to support Canadian patients and practitioners and to fostering local production in Canada at its Guerbet fill and finish plant in Montreal.

Guerbet solutions distributed by Methapharm will now span the full range of the company's products registered in Canada. This includes contrast media products (including Lipiodol^®, Patent Blue V, OptiRay^®, Conray^® and Telebrix^®); injectors (including OptiStar^®Elite, OptiVantage^®and Illumena^®Néo), and consumables.

"Methapharm is very pleased to expand our relationship with Guerbet," said Chris Calenti, Executive VP and General Manager, Methapharm. "Guerbet's extensive product line and expertise in contrast agents and imaging make them a highly beneficial partner."

With these developments, Guerbet continues to extend its footprint in North America. Guerbet previously solidified its position as a global leader with the acquisition of U.S.-based Mallinckrodt's Contrast Media and Delivery Systems (CMDS) business in 2015.

About Guerbet

Guerbet is a pioneer in the contrast agent field, with 90 years' experience, and is the only pharmaceutical group dedicated to medical imaging worldwide. It offers a comprehensive range of X-Ray, Magnetic Resonance Imaging (MRI) and Interventional Radiology and Theranostics (IRT) products, along with a range of injectors and related medical devices to improve the diagnosis and treatment of patients. To discover new products and ensure future growth, Guerbet invests heavily in R&D, spending around 9% of its sales each year. Guerbet (GBT) is listed on Euronext Paris (Segment B – Mid Caps) and generated €789 million in pro forma revenue in 2015.

For more information about Guerbet, please visit www.guerbet.com

About Methapharm Inc.

Methapharm is a privately held specialty pharmaceutical company that focuses on the acquisition, licensing, and promotion of healthcare products in North America. Methapharm markets its own proprietary products as well as partners with global companies in order to deliver a line of specialty products. The launch of DOTAREM® is in keeping with Methapharm's mission to make specialty products available to practitioners in the markets we serve.

SOURCE Guerbet