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Somnomed Receives FDA Approval For New SMH Biomaterial - Can Now Be ...

The joint venture owns all intellectual property rights to the product, while SomnoMed is responsible for the global marketing and distribution to manufacturers of dental and medical devices around the world.

"This is a milestone development for SomnoMed" said Ralf Barschow, chief executive of SomnoMed Limited. "We are currently assessing various marketing and distribution options to introduce this novel material to the markets around the world. We have already been approached by large, reputable companies seeking a license, private label agreements or simply supply."

SomnoMed is assessing the global application and potential for SMH BFlex, especially outside the dental industry. "The global applications for SMH BFlex could be substantial and we will only make final decisions on how to distribute the material once thorough investigations are completed," said Barschow.


Stocks down across the board

THE stock market remained in the red at noon, with the blame spread across all the local sectors and following a slight dip from Wall Street.

At 12pm AEST, the benchmark S&P/ASX200 index had dropped 44.4 points to 6723.3 and the All Ordinaries had fallen 42.6 points to 6738.6. On the Sydney Futures Exchange, the December share price index contract was down 64 points to 6757 on a volume of 12,314 contracts. Intersuisse equities director Andrew Sekely said the market had moved unpredictably yet again, with no clear indication as to why it had fallen. "What we've seen is a market that, in the same way that it sometimes surprises on the upside, it's certainly surprised me to see it down in the way that it's fallen,'' he said. "It's worth mentioning that, from its worst level, it's recovered ...



 

 

 

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