SAN JOSE, Calif., Nov. 6, 2024 /PRNewswire/ -- Medeologix, a leading brand in medical device manufacturing, today announced a significant expansion of its end-to-end catheter solutions with the addition of hydrophilic coating services, further cementing its status as the Bay Area's premier choice for advanced catheter solutions. This expansion is bolstered by a partnership with Biocoat, an industry-leading hydrophilic coating materials provider with established FDA master files to streamline regulatory approvals. This also demonstrates Medeologix's commitment to delivering premium, innovative coating solutions for cutting-edge catheter technologies.
For over two decades, Medeologix has had the privilege of growing alongside its clients, offering one-stop shop service from concept to mass production for the medical device industry. The solutions include in-house extrusion, medical balloon forming, complex catheter manufacturing, PET heat shrink tubing, over-molding, secondary operations, and finished device solutions. The expansion of hydrophilic coating services reinforces Medeologix's commitment to providing a comprehensive, one-stop shop for catheter development and manufacturing. The company's unique advantage lies in its vertically integrated approach, incorporating hydrophilic coating directly into the catheter processing workflow. This integrated service model is designed to enhance efficiency, quality, and cost-effectiveness for their clients.
"Our partnership with Biocoat is a game-changer," said Albert Weng, Chief Development Officer of Medeologix. "It allows us to offer our clients not just speed and efficiency, but also the assurance of working with industry-leading coating materials backed by robust regulatory support."
"By integrating hydrophilic coating services into our existing catheter production line, we deliver lightning-fast solutions with unprecedented efficiency," said Albert Weng. "This advancement allows us to offer our clients in the Bay Area and beyond an unparalleled combination of speed and consistency."
Key benefits of Medeologix's expanded services include:
As the Bay Area's first choice for hydrophilic coatings, Medeologix continues to set the standard for catheter manufacturing excellence. This service enhancement represents a significant step forward in the company's mission to accelerate medical device development and manufacturing.
For more information about its expanded hydrophilic coating services, please visit https://www.medeologix.com/en/service/page/hydrophilic_coating.
About Medeologix
Medeologix (www.Medeologix.com) is a global provider of medical device development and manufacturing services, collaborating with customers to deliver life-saving minimally invasive devices. The One-Stop Shop Service is supported by clinical application know-how, technical expertise, manufacturing solutions, and a relentless focus on customer and operational excellence. Medeologix streamlines the path to market, ensuring faster market penetration and driving client business success. For more information about our services, please visit Medeologix.com or send the inquiries to info@medeologix.com.
About Biocoat Incorporated
Biocoat Incorporated is a full-service coatings provider specializing in supplying lubricious hydrophilic coatings custom engineered to meet specific clinical parameters for medical devices to original equipment manufacturers, start-up companies, and contract manufacturers. Biocoat also provides coating services and polymer services to companies requiring assistance with medical device manufacturing. To learn more about Biocoat, visit www.biocoat.com.
*Biocoat is a registered trademark of Biocoat Incorporated.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Medeologix Expands Hydrophilic Coating Services, Partners with Biocoat® Incorporated to Solidify Position as The Bay Area's Premier Catheter Solutions Provider
RIYADH, Saudi Arabia, Nov. 5, 2024 /PRNewswire/ -- ewpartners (formerly eWTP Arabia Capital), the first international investment firm to establish a Saudi-Asia cross border platform, has announced a USD $50 million investment in Leshines, the supply chain solutions arm of Chinese multinational tech company Lenovo at The Future Investment Initiative (FII), a premier global platform that drives transformative investments and fosters international partnerships for sustainable economic growth.
The investment accelerates the localization of Leshines capabilities in Saudi Arabia, further strengthening the Kingdom's position as a vital player in sustainable global trade networks and supply chain operations.
Five months ago, Lenovo and PIF-backed company Alat announced a strategic collaboration, including a proposed US$2 billion investment. Today, this partnership is set to advance to the next step.
Leshines is also exploring the option of entering the KSA-Sino Logistics Special Economic Zone at King Salman International Airport in Riyadh, an initiative which was announced by the Saudi Ministry of Transport and Logistics earlier this month. Managed by ewpartners, the Zone will cover a total area of 4 square kilometres and consist of a logistics industrial park, an international commercial and business park, and corresponding living space and facilities. It will enable international companies to manufacture locally in Saudi and then springboard their distribution to other markets worldwide. It is expected to attract over 3,000 wholesalers and retailers and around 200 light industrial manufacturers from China and Asia.
Jerry Li, Founder and Managing Partner at ewpartners said the following on the announcement:
"This investment is a significant step towards building the future of Saudi Arabia that we all envision, and we are actively working to establish this goal. Our investment in Leshines underscores our commitment to this project and our determination to foster local industrial growth and the development of Saudi enterprises. By partnering with Leshines to bring advanced supply chain solutions to Saudi Arabia and the MENA markets, we further assist Chinese companies in exploring localized production and empower local enterprises, aligning with the Kingdom's Vision 2030."
Alan Zhou, COO of Leshines, commented on the announcement:
As Lenovo's smart supply chain solution platform, Leshines will take this opportunity to establish roots in Saudi Arabia, focusing on the MENA region, and build the foundational strategic capabilities of an advanced digital supply chain. As a globally leading strategic fund, ewpartners' strategic resources and unique advantages in KSA, the Middle East, and emerging markets perfectly match Leshines' strategic vision and development roadmap. With solid support and a strong partnership with ewpartners, we are confident that Saudi Arabia will become an important node in the Smart Supply Chain Platform, contributing to the Kingdom's Vision 2030.
The investment in Leshines marks the first transaction for ewpartners Fund II. Amid the growing synergy between China and the Middle East, ewpartners' investment model has garnered recognition from key stakeholders in the region. Supported by Saudi Arabia's sovereign wealth fund, ewpartners has also recently secured commitments from other GCC sovereign wealth funds, including USD 150 million from the Oman Investment Authority.
About ewpartners
ewpartners (formerly eWTP Arabia Capital) is an international investment firm specialising in cross-border investments between Asia and the MENA region. Backed by the Public Investment Fund (PIF), the firm has been active in Saudi Arabia since 2017 and was the first investment firm to launch a cross-border platform between the Kingdom and China.
Headquartered in Riyadh, ewpartners focuses on building value across borders by establishing strategic partnerships with exceptional companies. Our team's expertise in shaping innovative conducive policy frameworks can support governments in fostering economic transformation and diversification driven by innovation and technology.
ewpartners is committed to investing in, supporting, and growing successful businesses across the Asia and MENA regions, with a focus on key industries and themes such as digital infrastructure & solutions, advanced manufacturing & energy transition, and logistics & consumer enablement.
About Leshines:
Lenovo Group is a global tech giant. For three consecutive years, Lenovo has ranked among the top ten on Gartner's prestigious Top 25 supply chain list. As the strategic empowerment platform of Lenovo Global Supply Chain, Leshines is tasked with the important mission of driving supply chain transformation and upgrading through technological innovation. Drawing on Lenovo's global industry strengths and management expertise, Leshines delivers digital international supply chain solutions tailored to the evolving needs of Chinese manufacturers expanding overseas.
About the KSA-Sino Logistics Special Economic Zone
The Special Economic Zone is a collaboration between ewpartners and the King Salman International Airport Development Company (KSIADC) and was announced on 13th of October 2024. The initiative is supported by the Ministry of Transport and Logistics and is one of several recently announced initiatives designed to strengthen supply chains and streamline trade, e-commerce and investment in line with the Kingdom's Vision 2030. The project aims to create an integrated ecosystem that will encompass global enterprises, logistic facilities, supply chains, and high-end manufacturing, significantly bolstering Saudi Arabia's regional and global distribution capabilities. International companies will establish manufacturing capabilities within the Zone and collaborate with Saudi enterprises to produce locally for distribution to markets around the world.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
ewpartners Announces $50 Million Strategic Investment in Leshines to Localize Manufacturing in the Middle East
