Bioelectronics Corp (BIEL)

[tjshooker]

IMO, although this is JUST another distributor deal (and only for RecoveryRx...this could be the most immediately significant, and here is why;

1)"The Biomax Team is very excited to add BioElectronics' RecoveryRx(TM) products to its selective roster of products. We have recently joined forces with One Globe Biotechnology and with Medical Distribution Srl to expand our 50+ sales representatives to serve all Italian pharmacy and hospital supply chains," said Tino Valdesolo, President of Biomax.

My take...this sounds like they will have access to EVERY hospital and pharmacy in Italy. Not one or two, or here and there, but all of them.

2) Italy's healthcare system was regarded as the 2nd best in the world. Prescription drugs can be acquired only if prescribed by a doctor. If prescribed by the family doctor, they are generally subsidized, requiring only a copay that depends on the medicine type and on the patient income (in many regions all the prescribed drugs are free for the poor).

My take...Although their economy is poop, that shouldn't be too big of a factor if patients are only paying a fraction of the cost to get their script filled. They(WE) just need their Dr's to prescribe them!!!