Arch Therapeutics partners with Lovell Government Services

In full transparency, the following press release has been submitted to SOURCE media via its business news service.

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FRAMINGHAM – Arch Therapeutics, Inc., a Framingham-based developer of novel self-assembling wound care and biosurgical devices, announced today, September 2, that it has entered into a non-exclusive distribution agreement with Lovell Government Services, a disabled veteran. -Small Business Owner (“SDVOSB”), to support and drive sales through Veterans Affairs Hospitals and other government medical facilities.

The partnership is intended to result in the inclusion of the Company’s AC5® Advanced Wound System on Targeted Federal Procurement Schedules. Concurrent with this announcement, the Company and Buffalo Supply, Inc. (“Buffalo Supply”) have mutually agreed to terminate the existing exclusive distribution agreement entered into last year.

“Partnering with an SDVOSB, particularly one with the reputation of LGS, to drive distribution in government is intended to provide several strategic benefits, including speed to market and improved access to multiple government procurement channels “said Dan Yrigoyen, Vice President of Sales for Arch Therapeutics. “We thank Buffalo Supply for their past support and the work done to date. Our new SDVOSB partnership is an exciting next step in our progression, and it represents an important part of our overall go-to-market strategy,” concluded Mr. Yrigoyen.

“Lovell is excited to bring the healing power of Arch Therapeutics technology to veterans and Department of Defense hospital systems,” said Chris Lovell, CEO and Founder of Lovell Government Services.

LGS partners with medical and pharmaceutical companies seeking to better serve military and veteran patient populations. Through this partnership, federal, state and local government agencies can place their order for AC5® Advanced Wound System through appropriate contract vehicles while meeting their SDVOSB procurement targets.

Lovell Government Services was established by retired USMC Major Chris Lovell in 2013. Lovell’s mission is to serve the Veterans Administration (VA) hospital system, US military medical networks, other systems federal health care providers and the communities they support.

Lovell is a Certified Service-Disabled Veteran-Owned Small Business (SDVOSB) and ECAT, FSS, DAPA, and GSA contract holder.

Lovell partners with medical and pharmaceutical suppliers to accelerate and distribute the latest life-saving technologies to the federal government as a federal supplier.

Lovell Government Services helps companies win government contracts and government sales.

Ashley C. Reynolds