Business
NuGen Medical Sells 800 InsuJet(TM) Devices and Consumables in Yemen
Toronto, Ontario--(Newsfile Corp. - June 16, 2023) - NuGen Medical Devices Inc. (TSXV: NGMD) (the...
About this update from Nugen Medical Devices Inc
[{"type":"text","content":"NuGen Medical Sells 800 InsuJet(TM) Devices and Consumables in YemenToronto, Ontario--(Newsfile Corp. - June 16, 2023) - NuGen Medical Devices Inc. (TSXV: NGMD) (the \"Company\" or \"NuGen\") is pleased to report it has sold 800 units of the Company's needle-free InsuJet™ injector device and consumables to Rosheta for Medicines and Medical Supplies in Yemen. The Company anticipates further sales to Rosheta for Medicines and Medical Supplies and will report such sales as they occur.InsuJet™ is registered and authorized for use in Yemen as a medical device. For each InsuJet™ device sold, the lifetime value per unit including consumables to be purchased over the span of approximately 3.5 years is approximately $900 CDN. The lifetime value of this sale is estimated at $720,000 with margins of approximately 72%.About NuGen Medical DevicesNuGen is a specialty medical device Company that is marketing and selling its next-generation InsuJet™ needle-free injection system designed to improve the lives of millions of diabetics. InsuJet™ is approved for sale in 42 countries around the world.For further information, please visit: Websites: www.insujet.com and www.nugenmd.comInstagram: @NuGenMDTwitter: @NuGenMD LinkedIn: https://www.linkedin.com/company/nugenmd/ For further information, please contact:Tony Di BenedettoExecutive Chairman(416) [email protected] BuzbuzianPresident & CEO(647) [email protected] arrange a media interview with NuGen, please contact:Nelson HudesHudes Communications International(905) [email protected] Regarding Forward-Looking Information:Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accept responsibility for the adequacy or accuracy of this release.This news release contains \"forward-looking information\" and \"forward-looking statements\" (collectively, \"forward-looking statements\") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, fut...