15 October 2018 - 7 Heshvan 5779 - ז' חשון ה' אלפים תשע"ט
Chinese company invests in InovyTec Medical Solutions E-mail

Israel’s InovyTec Medical Solutions Ltd. has received a US$3 million investment from Vincent Medical Holdings, a Chinese holding company that does research and development and manufacture and sale of medical devices.

The investment gives Vincent Medical Holdings a 15% stake in the company. It will also open up the Chinese market to InovyTec, which has developed non-invasive and portable medical devices for out-of-hospital emergencies that aim to help even non-trained personnel provide life-saving emergency care to patients.

Leveraging Vincent Medical’s experience and presence in China, InovyTec will be able to “capitalise on the huge potential that exists in China and in the area in the sector of medical devices,” said Udi Cantor, the founder and CEO of the Israeli firm.

The startup’s LUBO product, which has already obtained the necessary regulatory permits, including from the FDA, allows the opening of the airways in a safe and non-invasive way. It is based on the field experience of Dr Omri Lubovski, a veteran of the Israeli army’s aviation rescue 669 unit. Lubovski realised the need for opening the airway in a quick, non-invasive and efficient way, especially in complicated field or road-side situations.

In addition, InovyTec has developed the SALI, a portable device that can treat both cardiac and respiratory failures by allowing emergency responders to manage airways, oxygen therapy and defibrillation on site, and at the same time transmit signals and data to any remote emergency centre for backup using cloud technology.

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