RHINOMED TAKES BIG APPLE IN US SLEEP MARKET PUSH

RHINOMED TAKES BIG APPLE IN US SLEEP MARKET PUSH

A MELBOURNE snoring and sleep aid invention will expand its reach in the US after securing a deal under the Walgreens Boots Alliance.

Rhinomed's (ASX:RNO) sleep quality device Mute will be launched in Duane Reade pharmacies across Manhattan this week.

Made from ultra-soft medical grade polymers, Mute is placed inside the nose and helps snorers keep their mouths closed while asleep and breathe easier.

Rhinomed CEO Michael Johnson says the distribution deal is a major coup for the company following three years of development.

Duane Reade is one of the largest pharmacy chains in the US and represented in 25 countries under the US$100 billion Walgreens Boots Alliance.

"Our goal is to change the way the world breathes, with a suite of products that empower individuals and deliver solutions which they embrace," Johnson says.

"We're witnessing a significant emotional response from customers to this product, because they have either snored or had to deal with a snoring partner for many years.

"Many others find breathing through their nose very difficult due to chronic nasal congestion of nasal obstructions caused by deviated septums or broken noses.

"The impact when they first place a Mute into their nose is quite compelling."

Rhinomed has secured a number of international distribution deals for Mute in the past 12 months, including Boots in the UK and Ireland, McArthur Medical in Canada, Europa Sports and sporting stores in the US.

The company is poised to capitalise on a growing industry, with global spending on sleep related products worth more than US$32 billion annually according to IMS Health.

"Compliance is a key industry challenge and the market is crying out for a consumer-focused approach," Johnson says.

"Letting people try the product themselves makes our job easier. The change is instant and utterly recognisable."

Rhinomed plans to boost its foothold in America, as well as explore opportunities in Europe and Asia.

 

Get our daily business news

Sign up to our free email news updates.

 
Finexia’s Childcare Income Fund secures ‘very strong’ rating from Foresight Analytics & Ratings
Partner Content
Private credit specialist Finexia Financial Group (ASX: FNX) has secured a “very...
Finexia
Advertisement

Related Stories

Tritium charged down as administrators called in

Tritium charged down as administrators called in

Five months after attempting to turn its fortunes through jobs cuts...

Just Wines acquires collapsed spirit subscription service Liquor Loot for $1.2m

Just Wines acquires collapsed spirit subscription service Liquor Loot for $1.2m

Only eight months since rescuing non-alcoholic specialty store Sans...

UniSuper pumps $623m into Macquarie green energy and climate fund

UniSuper pumps $623m into Macquarie green energy and climate fund

One of the nation’s largest super funds, UniSuper, has commit...

Founder-led Solution Underwriting acquired by UK insurance provider CFC

Founder-led Solution Underwriting acquired by UK insurance provider CFC

After 14 years in business and with 55 staff spread across four Aus...