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Poly Medicure acquires US firm

Poly Medicure enters the US medical disposables market with an investment of $1million.

india Updated: May 28, 2006 00:43 IST

Poly Medicure manufacturers of health medical devices and disposables under the brand name, Polymed, has acquired US Safety Syringes, a US company to enter the US health disposables market.

Polymed which posted a turnover of Rs 64 crores for the year 2004-05 has invested more than $ 1million in the acquisition of ‘US Safety Syringes’ which holds 8 patents and 2 FDA approvals for Safety Medical Devices.

Polymed manufactures more than 40 different products under different categories like IV Cannulaes, Infusion Therapy Devices, Central Venous Access Catheters, Anaesthesia, Blood management devices and other surgical products. The company is already exporting its range of products to more than 50 countries across different continents including Europe/ Africa/ Asia and South America.