Monday, April 18, 2016

Amedica Inks Chinese Distribution Deal

Salt Lake City-based medical device maker Amedica announced this morning that it has inked a deal with Chinese medical device company Shandong Weigao Orthopedic Device Company Limited (Weigao Orthopedic), to distribute the company's silicon nitride spinal implants in the People's Republic of China. Financial details of the deal were not disclosed, however, Amedica said that Weigao will purchase a minimum of 20,000 units of its device in Year 1, and grow that amount to 50,000 annually in Year 6--once those devices are approved in China.