Printer Friendly

SHERWOOD MEDICAL AND ONGARD SYSTEMS FORGE MARKETING AGREEMENT

 NEW YORK, March 8 /PRNewswire/ -- Sherwood Medical, a subsidiary of American Home Products Corporation (NYSE: AHP) and OnGard Systems, Inc., (NASDAQ: OGSI) today announced signing a five-year agreement for Sherwood to market OnGard's unique mailaway medical waste disposal system.
 The supply, distribution and licensing agreement makes possible the marketing by Sherwood Medical of Sherwood's Monoject(R) product line along with the OnGard(TM) patented modular system for the convenient, low-cost disposal of used medical devices. Sherwood Medical, one of the country's largest makers of disposable medical devices -- including syringes, needles and other items collectively known as "sharps" -- will distribute, on an exclusive basis, OnGard's complete line of medical waste mail-back disposal kits. The kits are available in a wide variety of sizes and capacities and will feature both the OnGard and Monoject trademarks.
 The OnGard system is used by various healthcare facilities, such as physician, veterinary and dental offices, as well as within the home care and alternate care community and by research laboratories. The OnGard system meets the need to comply with state and local regulations on medical waste disposal. The product line also includes kits specifically designed to serve the diabetic consumer market.
 The OnGard system is particularly appealing as an alternative to high cost waste hauling services. OnGard mailback kits are sent via conventional, first class mail to a medical waste incinerator, to be tracked and safely destroyed.
 Using a unique, three part component packaging system to safely contain used medical sharps during transport and disposal, the OnGard System's packaging complies with all Postal Service test and packaging criteria for medical waste transport and disposal implemented in Dec. 26, 1992 regulations. These new regulations require the most rigorous packaging standards applied to medical waste to date.
 "We are associating our unique shape disposal system with one of the largest providers of high quality disposable sharps and medical devices," said Mark Weiss, president of OnGard Systems. Under this agreement, Sherwood Medical's national sales force for the alternate care market will be marketing the OnGard waste disposal system along with its Monoject(R) product line.
 "The synergy created by this agreement strengthens Sherwood's position in the alternative care market," said David Low, president of Sherwood Medical. "We look forward to expanding the Sherwood and OnGard product offerings as more innovations come to market."
 Sherwood Medical, headquartered in St. Louis, is an international company manufacturing and distributing medical surgical devices. Sherwood Medical is a subsidiary of American Home Products, a worldwide manufacturer and marketer of prescription drugs, medical supplies and diagnostics, over the counter medicines and food products.
 OnGard Systems, Inc. is headquartered in Denver and was founded in 1989. It has rapidly assumed leadership as an innovator in the fields of medical waste disposal and infection control products.
 -0- 3/8/93
 /CONTACT: Rose Ann Collins of Sherwood Medical, 314-621-7788; or David Kogut of Trimedia/NYCOM, 212-888-6115, for Sherwood Medical/
 (AHP OGSI)


CO: Sherwood Medical; American Home Products Corp.; OnGard Systems,
 Inc. ST: New York IN: HEA SU:


TS-LR -- NY005 -- 3885 03/08/93 10:00 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 8, 1993
Words:508
Previous Article:GE SCIENTISTS DEMONSTRATE TECHNOLOGICAL VIABILITY OF A 'CONTINUOUS' GAS FURNACE
Next Article:TWELVE STATES WILL SEE COMBINED MARGINAL TAX RATES RISE ABOVE 41 PERCENT UNDER PROPOSED INCOME TAX HIKE
Topics:


Related Articles
ONGARD SYSTEMS SIGNS LETTER OF INTENT FOR POSSIBLE ACQUISITION
ONGARD WITHDRAWS UNITS FROM NASDAQ
ONGARD EXECUTES DEFINITIVE MERGER AGREEMENT
FDA COMPLETES REVIEW ON ONGARD'S AUTOPAK STERILIZATION PRODUCT LINE
ONGARD OBTAINS FINANCING
ONGARD COMPLETES PRIVATE PLACEMENT; MONTGOMERY LEAD INVESTOR
ONGARD*SYSTEMS, INC. ANNOUNCES EXCLUSIVE MARKETING AGREEMENT WITH BAXTER V. MUELLER
Ongard Systems, Inc. Announces Commencement of Autopak(R) Sales to Baxter V. Mueller Pursuant to Exclusive Marketing Agreement
Ongard Systems, Inc. Announces Commencement of Autopak(R) Sales to Baxter V. Mueller Pursuant to Exclusive Marketing Agreement
OnGard Systems, Inc. Announces Intent To Sell Sharps-Container Business Line

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters