Nuvilex, Inc. (NVLX.OB) Announces Renewal of MedX Master Distribution Agreement and Repricing of Talsyn Scar Cream
Nuvilex, Inc., an emerging healthcare consumer products company, announced earlier today that it has renewed its Master Distribution Agreement with MedX, Inc., a provider of office-based surgical and aesthetic solutions, for the distribution and sale of its Talsyn Scar Cream through physicians offices. According to the press release, the one-year renewal provides MedX with an increased distributor margin, allowing a more aggressive and sustained marketing promotion effort. In addition, the minimum order size has been increased 500% from 1,000 units to 5,000 units. Nuvilex and MedX have also agreed to lower the pricing for Talsyn to $29.95 from $65.00. The…