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05 May 2017

ConceptoMed gains ground in China

ConceptoMed, the Norwegian developer of smart medtech systems, has signed a Memorandum of Understanding with the listed Chinese medical device manufacturer Wego Group.

As a part of the agreement, Shandong Weigao Group Medical Polymer Co. Ltd. (Wego Group) and ConceptoMed will assess a partnership for manufacturing and promoting ConceptoMed’s unique safety syringes in the Chinese market.

The signing took place in the presence of Her Excellency Erna Solberg, Prime Minister of Norway, and is an important milestone in ConceptoMed’s bid to secure partners and develop the opportunity in China, through the support of Intralink.

"China is a key pillar to our global strategy and Wego is an ideal partner for us.” said Chairman of ConceptoMed, Mr. Runar Bjørklund. “We believe the strategic opportunities will be valuable for both parties allowing us to leverage our combined strengths for success.”

CEO and Executive Director of Wego Group, Mr. Wang Yi commented, “We see the collaboration between Wego and ConceptoMed as an exciting combination of European design and Chinese manufacturing capability. ConceptoMed is bringing Norwegian technology to the Chinese market and this is a great fit with Wego Group's product portfolio and development efforts.”

Paul Dupont, Project Director at Intralink China added, “ConceptoMed’s unique and exciting IP allowed Intralink to launch high-level meetings with one of China’s largest medical device manufacturers. The Norwegian Prime Minister’s visit was an excellent opportunity to build on momentum already generated by Wego Group and ConceptoMed.”



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