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Tactile Systems Technology, Inc. entered into an exclusive U.S. distribution agreement with ElastiMed, Inc. to market…
TCMDTactile Systems Technology Inc
Tactile Systems Technology, Inc. entered into an exclusive U.S. distribution agreement with ElastiMed, Inc. to market the MyoSleeve wearable compression device to Department of Veterans Affairs and Department of Defense patients. The company made an upfront payment of $3 million to ElastiMed and committed to minimum purchase obligations and marketing support. Tactile Systems Technology, Inc. develops and manufactures medical technology solutions for chronic swelling management.