Radient Pharma's (RPC) AMDL Diagnostics Enters Exlusive Distribution Agreement with Grifols USA for Commercialization of DR-70 Onko-Sure(TM)

October 8, 2009 9:47 AM EDT

Radient Pharmaceuticals Corporation (Amex: RPC) announced today it has entered into an exclusive 5-year marketing and distribution agreement with Grifols USA, LLC. Under the terms of the agreement, Grifols USA, LLC will market and sell ADI's DR-70 Onko-Sure cancer test for the monitoring of colorectal cancer to hospitals, clinical labs, clinics, and other healthcare organizations throughout the US.

Grifols is a publicly-traded, multinational healthcare products manufacturer and distributor. The company has business operations in more than 90 countries worldwide focused on the research and development, manufacturing, distribution, marketing, sales, and customer support for a diverse range of in-house and 3rd party healthcare products and services, now including ADI's DR-70 Onko-Sure cancer test.

The agreement is the latest milestone ADI has achieved in support of the company's aggressive commercialization strategy for Onko-Sure. According to the agreed upon terms, Grifols USA, LLC has the rights to market and distribute ADI's Onko-Sure cancer test specifically for the monitoring of colorectal cancer in the US. This includes developing and implementing a marketing strategy to drive product awareness; educate clinical laboratories and physicians; and generate product sales.

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