PETVIVO HOLDING, INC. ANNOUNCES DISTRIBUTION SERVICES AGREEMENT WITH MWI ANIMAL HEALTH

MINNEAPOLIS, June 29, 2022 (GLOBE NEWSWIRE) -- PetVivo Holdings, Inc. (NASDAQ: PETV & PETVW) ("PetVivo"), an emerging biomedical device company focused on the commercialization of innovative medical devices and other therapeutics for equine athletes and companion animals, announced today it has entered into a definitive exclusive distribution services agreement with MWI Animal Health, a leading distributor of animal health products and services and a subsidiary of AmerisourceBergen.

MWI will inventory, market, and promote PetVivo’s veterinary medical device, Spryng with OsteoCushion Technology, throughout the United States. Through its network of distribution centers in key markets nationwide, MWI can support efficient deliveries to communities nationwide.

"We are pleased with the commitment MWI has made to PetVivo in the roll out of this new relationship that includes the distribution of our lead product, Spryng. We view MWI as a strategic partner that will allow PetVivo significant exposure to and penetration in the US animal health market. This new relationship will benefit the industry, the veterinarian who provides the medical care, their patients and the pet owner alike," stated John Lai, Chief Executive Officer for PetVivo.

PetVivo’s innovative product, Spryng with OsteoCushion Technology, is a veterinary medical device comprised of millions of micronized hydrogel matrices, which are derived from natural biocompatible components. OsteoCushion Technology provides both reinforcing natural joint support to augment and reinforce missing and/or damaged cartilage, as well as delivers natural scaffolding to help address tissue defects. These attributes offer a great solution to manage lameness and joint afflictions, such as osteoarthritis, for companion animals in a simple in-clinic administration.

“We continue to see tremendous innovation across the animal health industry, including the emergence of novel therapies and devices. We work closely with companies leading these efforts to ensure veterinarians nationwide have access to the latest products and services that have the potential to help pets live longer and healthier lives,” said Steve Shell, president of MWI Animal Health. “We are thrilled to work with PetVivo to provide veterinarians with timely and reliable access to the company’s new medical device.”