Tactile Medical announced an exclusive U.S. distribution agreement for MyoSleeve with a $3.0M upfront payment.
Key Highlights:
- Entered exclusive distribution deal with ElastiMed to supply MyoSleeve to VA and DoD patients nationwide.
- Paid $3.0 million upfront and committed to minimum purchases plus marketing and sales promotion.
- MyoSleeve is FDA 510(k)-cleared for chronic swelling, including chronic edema, lymphedema, and venous insufficiency.
- Device is discreet, battery-powered, cable-free, wearable under clothing and intended for earlier-stage or complementary use.
- Company will leverage sales, billing, and patient support infrastructure to drive commercialization and market access.
Original SEC Filing:
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