SomnoMed open for business in Finland

THE ROADHOUSE PHARMACY: SomnoMed (ASX: SOM) has announced the commencement of operations in Finland.

The company regards Finland as last remaining market in Scandinavia after developing its market position in Sweden over the last five years and taking a leadership position in the custom made quality oral appliance market, SomnoMed entered Norway one year ago and started to offer SomnnoDent® products in Denmark in late 2013.

SomnoMed announced it has entered into an agreement with a Helsinki based orthodontic laboratory to provide logistic and repair services.

The company has also recruited a country sales & marketing manager, with extensive industry experience as former sales manager of companies, such as Resmed and Fisher & Paykel in Finland.

“With the entry of SomnoMed in Finland we now cover all of Scandinavia with our own, dedicated sales and marketing team,” SomnoMed executive chairman Dr. Peter Neustadt said in the company’s announcement to the Australian Securities Exchange.

“Scandinavia is a well advanced market when it comes to COAT™ treatment, which is well accepted as an alternative to CPAP.

“We see excellent growth potential in the years ahead.

“Finland is one of the six remaining markets in Europe SomnoMed intends to enter and establish its own operation during the course of this year, so as to achieve full coverage of the developed Northern, Central and Southern regions of Europe.”

Website: www.somnomed.com.au