InjectEZ acquisition establishing Sharps position in the prefillable syringe (PFS) industry in the
Closing on the Asset Purchase and the Syringe Sales Agreement, for product orders totaling over
Based on the most likely timeframe, product shipments from the SC facility are planned to begin by Q2 of 2025.
“The revised deal better supports both Sharps and Nephron, and we are excited that the deposit has been made. We are working toward the final closing of the agreements over the next 60 days. The signed deal will also allow for new commercial opportunities that will be announced after the closing of the purchase of the InjectEZ operation,” commented
Once the asset acquisition is closed, expected within 60 days, Sharps intends to immediately ramp-up the first phase of its manufacturing implementation plan and bring a new strategic partner into the fold. The initial phase of the plan includes the final facility buildout and upgrades to support the manufacture of pharmaceutical grade COC prefillable syringes on three state-of-the-art production lines. Product from the first line are expected to be qualified to ship early in the second quarter of 2025, and all three lines are expected to produce saleable product by the fourth quarter of 2025. The second and third manufacturing phases are planned to be completed by
The five-year,
About Sharps Technology:
Forward-Looking Statements:
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