Carrington Laboratories, Inc., and Medline Industries, Inc., have formed a distribution licensing agreement under which Carrington has granted Medline the exclusive rights to sell and market Carrington’s wound and skin care products, the companies have announced.
Carrington estimates the value of this agreement to be approximately $50 to $60 million over the five-year term of the contract.
Carlton Turner, Carrington’s president and CEO, stated, “With the transfer of our wound care sales and marketing activities to Medline, we will be allowed to focus more on the development of our oral care technology under the SaliCept label, our basic and clinical research, our nutraceutical products with Manapol under the AloeCeuticals umbrella, and developing markets for our new, cosmetic- grade raw material Hydrapol.”
Andy Mills, president of Medline Industries, added, “This partnership will greatly benefit both companies. For Medline, we now have the rights to sell and market the respected Carrington name and quality products that will support our commitment to becoming the leader in the advanced wound and skin care market. Carrington, with Medline’s resources, will receive a substantially expanded marketing effort and sales force to help sell its products.” Mills said the agreement would significantly enhance Medline’s current wound care business, one of the company’s fastest growing areas.
Carrington‘s extensive range of wound care products will complement Medline’s expanding wound care and skin care portfolio of products, including exclusive products such as Arglaes, a silver impregnated film dressing and TenderWet, a wound therapy that actively rinses and debrides.
Carrington Laboratories, Inc., is an ISO 9001-certified, research-based biopharmaceutical company currently utilizing naturally-occurring complex carbohydrates to manufacture and market products for mucositis, radiation dermatitis, wound and oral care; manufacture and market the nutraceutical raw material Manapol; and market consumer products under the AloeCeuticals brand.
Medline, based in Mundelein, Illinois, is the largest privately-held manufacturer and distributor of health care supplies in the United States.
Medline has 550 dedicated sales representatives throughout the U.S. who will now be supporting the Carrington line.