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CASCADE MEDICAL SIGNS KOREAN DISTRIBUTION AGREEMENT STRONG GROWTH POTENTIAL IN PACIFIC RIM FOR CHECKMATE SYSTEM

 CASCADE MEDICAL SIGNS KOREAN DISTRIBUTION AGREEMENT
 STRONG GROWTH POTENTIAL IN PACIFIC RIM FOR CHECKMATE SYSTEM
 MINNEAPOLIS, Nov. 12 /PRNewswire/ -- Cascade Medical, Inc., Eden Prairie, Minn., has signed an exclusive agreement for Korean distribution of its CheckMate(TM) diabetes home monitoring system. The system will be distributed in Korea by S.K.B. International, Inc., Fremont, Calif., an international pharmaceutical marketing company, and S.K.B.'s Korean representative, Baecam Medical Co. Ltd., Seoul, South Korea.
 "This agreement represents an important expansion of our international distribution efforts," said Richard E. Jones, Ph.D., president and CEO of Cascade Medical. "The Korean market has excellent growth potential, and we're excited to team up with a major Korean distributor."
 Under the agreement, Baecam Medical Co. will distribute the CheckMate System to pharmacies and medical product wholesalers in Korea, as well as to physicians and diabetes nurse educators. The agreement includes an aggressive educational outreach program on diabetes targeted at the diabetic population. The number of people with diabetes in Korea is estimated at 1.1 million. Of those, roughly 40,000 perform self- monitoring.
 The market for self blood glucose monitoring is one of the fastest growing areas in medical diagnostics, with a worldwide market estimated at more than $800 million.
 In September 1992, Cascade Medical acquired exclusive worldwide rights to market a next-generation, non-invasive blood glucose monitor under development by Boston Advanced Technologies, Newton, Mass. Under the agreement, the two companies will team up to bring to the diabetes home monitoring industry a device that can measure blood glucose levels without drawing a blood sample.
 Cascade Medical has extensive U.S. distribution for its blood glucose monitoring system, as well as significant international distribution in Europe, the Middle East and East Asia. Customer service and an aggressive outreach program to diabetes educators are the two primary areas of marketing focus worldwide.
 Cascade Medical developed, manufactures and holds the patents for its CheckMate blood glucose home monitoring system and disposable test strips. CheckMate users purchase a microprocessor-based meter and can quickly determine their blood glucose level with the use of disposable test strips. Cascade Medical's CheckMate System is designed for user convenience and safety and has several unique features, including a built-in lancing device and automatic calibration. Cascade Medical operates a 24-hour-a-day telephone customer service line at 1-800-525-6718.
 Cascade Medical, which is privately held, was founded in 1989 with the mission of becoming the premier supplier of diabetes products worldwide.
 -0- 11/12/92
 /CONTACT: Perry Ketchum of Ketchum & Metz, Inc., 612-349-2727, for Cascade Medical/ CO: Cascade Medical, Inc.; Baecam Medical Co., Ltd.; S.K.B.
 International, Inc. ST: Minnesota, California IN: MTC SU:


KH -- MN001 -- 0080 11/12/92 10:03 EST
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Publication:PR Newswire
Date:Nov 12, 1992
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