RxElite Announces Preferred Contract Status Awarded for Their Anesthetic Gas Products by Nueterra Healthcare
April 10 2008 - 7:00AM
Marketwired
MERIDIAN, ID is pleased to announce that it has been selected by
Nueterra Healthcare as a "preferred supplier" to supply Nueterra
Healthcare with anesthetic gas products. Effective February 8,
2008, RxElite was awarded the contract listing for all classes of
trade for Sojourn(TM) (Sevoflurane) and Terrell(TM) (Isoflurane).
Sevoflurane is the most commonly used anesthetic gas in the United
States and Isoflurane continues to be used widely in anesthesia
practice.
"We are excited to partner with Nueterra. The agreement has
already begun to yield significant cost savings to the members of
Nueterra," stated Jonathan Houssian, the CEO of RxElite.
RxElite anesthetic gases are manufactured by MINRAD
International, Inc. (AMEX: BUF), a leader in the innovation of
anesthesia. RxElite holds the exclusive distribution rights for
Minrad-produced anesthetic gases for the human market in the United
States.
About RxElite, Inc.
RxElite, Inc. develops, manufactures, and markets generic
prescription drug products in specialty generic markets. These
markets include products in the areas of anesthesia, sterile liquid
dose drugs (including respiratory inhalation drugs, ophthalmics,
and injectable drugs), complex active pharmaceutical ingredients,
and other specialty areas. www.RxElite.com
About MINRAD International, Inc.
MINRAD International, Inc. is an interventional pain management
company with real-time image guidance and anesthesia and analgesia
product lines, and also manufactures and markets generic inhalation
anesthetics for use in connection with human and veterinary
surgical procedures. The company is developing a drug/drug delivery
system for conscious sedation, which, similar to nitrous oxide in
dental surgery, provides a patient with pain relief without loss of
consciousness. www.minrad.com
About Nueterra Healthcare
Since 1997, Nueterra Healthcare has provided development and
management services for single and multi-specialty ambulatory
surgery centers, specialty hospitals, physical therapy centers and
medical real estate. Nueterra Healthcare currently owns and manages
more than 80 surgical and outpatient facilities in 27 states across
the United States.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
involving known and unknown risks, delays, and uncertainties that
may cause our actual results or performance to differ materially
from those expressed or implied by these forward-looking
statements. These risks, delays, and uncertainties include, but are
not limited to: risks associated with the uncertainty of future
financial results, our reliance on our sole supplier, the limited
diversification of our product offerings, additional financing
requirements, development of new products, government approval
processes, the impact of competitive products or pricing,
technological changes, the effect of economic conditions and other
uncertainties detailed in the Company's filings with the Securities
and Exchange Commission. The Company undertakes no obligation to
update any forward-looking statements.
For more information: Corporate Information Ph: (208) 288-5550
Toll Free: (800) 414-1901 Fax: (208) 288-1191 Investor Relations
Ric Tener Ph: (208) 288-5550 Fax: (208) 288-1191 Email: Email
Contact
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