-Vitrolife, ParentPlus to collaborate on artificial insemination products.
M2 EQUITYBITES-November 11, 2011--Vitrolife, ParentPlus to collaborate on artificial insemination products(C)2011 M2 COMMUNICATIONS http://www.m2.com
11 November 2011 - Swedish medical technology company Vitrolife AB (STO:VITR) unveiled today an agreement with US ParentPlus LLC to co-develop new products for intrauterine insemination (IUI), a method of artificial insemination.
According to Vitrolife, the IUI market is estimated at about 4m-6m treatments a year, with a market value of between SEK1bn and SEK2bn.
So far, the Swedish company has been mostly active in the area of in vitro fertilisation (IVF). In many countries patients are required to undergo IUI treatment before resorting to IVF.
(EUR1 = SEK9)
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|Publication:||M2 EquityBites (EQB)|
|Date:||Nov 11, 2011|
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