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Sonoma Pharmaceuticals Announces Asset Purchase Agreement with Middle East Partner MicroSafe Group
PETALUMA, Calif., Feb. 27, 2020 (GLOBE NEWSWIRE) -- Sonoma Pharmaceuticals, Inc. (Nasdaq: SNOA), a specialty pharmaceutical company dedicated to identifying,
About this update from Sonoma Pharmaceuticals, Inc.
[{"type":"text","content":"PETALUMA, Calif., Feb. 27, 2020 (GLOBE NEWSWIRE) -- Sonoma Pharmaceuticals, Inc. (Nasdaq: SNOA), a specialty pharmaceutical company dedicated to identifying, developing and commercializing unique, differentiated therapies to millions of patients living with chronic skin and wound conditions, is pleased to announce that it successfully closed on an asset purchase agreement for certain wound care, disinfection and animal health care products in the Middle East, Australia and Europe for $1.1 million with MicroSafe Group.\n Sonoma’s long-term partnership with MicroSafe in the Middle East has led to the successful growth of sales of Microcyn® Technology products in the region. Sonoma’s unique and versatile Microcyn® Technology has, for example, been widely used for wound cleansing and irrigation, as well as a disinfectant for surfaces, such as in Mecca during the Hajj season, to reduce the risk of transmission of infectious diseases. Pursuant to the new agreement, MicroSafe will continue to have the exclusive right to distribute a wide range of wound care and animal health care products in the Middle East and acquire the exclusive right to distribute disinfectant products in Europe and Australia. Sonoma will provide MicroSafe with products for up to ten years at negotiated transfer prices. “We are delighted to continue our partnership with Sonoma and expand our reach across new regions,” said Mrs. Safa Qadumi, CEO of MicroSafe Group. “We are pleased to take our partnership with MicroSafe to the next level,” said Amy Trombly, CEO of Sonoma. She continued, “Our patented Microcyn® Technology has improved the lives of millions of patients worldwide and we are excited to work with strong international partners such as MicroSafe to develop and distribute our products.” About Sonoma Pharmaceuticals, Inc. Sonoma Pharmaceuticals is a specialty pharmaceutical company dedicated to identifying, developing and commercializing unique, differentiated therapies to millions of patients living with chronic skin conditions. Sonoma offers early-intervention relief with virtually no side-effects or contraindications. The company believes its products, which are sold throughout the United States and internationally, have improved patient outcomes for more than six million patients by treating and reducing certain skin diseases including acne, atopic derma...