February 24, 2018 12:13 AM ET

Healthcare Equipment and Supplies

Company Overview of Mainstay Medical Limited

Company Overview

Mainstay Medical Limited manufactures and markets medical device for treatment of muscle disorder in patients with low back pain. The company was founded in 2014 and is based in Swords, Ireland. Mainstay Medical Limited operates as a subsidiary of Mainstay Medical International plc.

Clonmel House

Forster Way

Swords,  

Ireland

Founded in 2014

Phone:

353 1 897 0270

Key Executives for Mainstay Medical Limited

Mainstay Medical Limited does not have any Key Executives recorded.

Mainstay Medical Limited Key Developments

Mainstay Medical Extends Relationship with Centro de Construccion de Cardioestimuladores del Uruguay S.A. Through New Supply Agreement

Mainstay Medical International plc announced that its subsidiary, Mainstay Medical Limited has entered into a new supply agreement with Centro de Construccion de Cardioestimuladores del Uruguay S.A. The supply agreement becomes effective in January 2017 and replaces the engineering agreement, which has been in place since 2010. Under the supply agreement, CCC will continue to manufacture the implantable pulse generator and certain accompanying technology, including software, for MML’s ReActiv8® system as exclusive supplier. ReActiv8 is an implantable neurostimulation system used to treat disabling Chronic Low Back Pain. The material terms of the supply agreement include MML’s requirement to purchase certain minimum annual purchase quantities of the Products by the end of each calendar year of the Agreement, or in the alternative, pay CCC a fixed fee to meet such obligation. Either party may terminate the supply agreement, by written notice, where the other party breaches a material provision of the supply agreement and fails to cure such breach within a defined cure period, or in the event of certain insolvency and other events. MML will indemnify CCC against various third party claims, including claims arising out of MML’s negligence, fault or wrongful conduct. The new agreement becomes effective in January 2017 and continues in force for an initial term of two years. Thereafter, the agreement will automatically be renewed for rolling additional one year term(s) unless either party notifies the other at least six months’ prior to expiry that it does not wish to renew the agreement for an additional one year term. The agreement is governed by the laws of the State of New York and each party submits to the jurisdiction of the courts of New York.

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