Updated on 18 May 2012
PKUcare Pharma and Devon Medical enter strategic partnership
Singapore: Devon Medical Products, a global medical device manufacturer and distributor, and PKUcare BeiYi Pharmaceutical (PKU) entered a strategic distribution partnership in China.
Under the agreement, PKU will distribute Devon Medical Products' line of medical devices and equipment, including its extriCARE Negative Pressure Wound Therapy (NPWT) system, in China. Devon Medical Products will also identify US medical device companies that manufacture products domestically and connect them with PKU to jumpstart distribution in China.
Devon Medical Products and PKU teamed up last year to help Vycor Medical receive regulatory approval and increase its distribution channels in China for its ViewSiteBrain Access System (VBAS) neurosurgery device.
"Devon Medical Products strives to develop innovative medical devices that both enhance patient treatments worldwide but also bolster our economy here in the United States," says Dr John A Bennett, president and CEO, Devon Medical Products. "This strategic alliance with the renowned PKU BeiYi Pharmaceutical company will serve to help our business and other US companies expand exports and distribution abroad, increase revenue, and stimulate job growth. We look forward to continuing our mutually beneficial relationship with PKU both in the United States and in China."
PKUcare BeiYi Pharmaceutical is a subsidiary of Peking University International Healthcare Group, which owns and operates various companies spanning healthcare management, healthcare information systems, medical device distribution, pharmaceutical R&D, manufacturing and logistics.