Further to the Heads-of-Terms announced on 9 August 2021, Microsaic has confirmed its signing of an agreement (‘the Agreement’) with Jiangsu Henzhihe Technologies Co. Ltd.
(‘HZH’), to provide services including product manufacturing, integration and operation of a service centre in support of distribution and prospective OEM partnerships in China. Remaining on track to secure a China medical device licence in 2022, the Group is now developing a local capability with Chinese partners for the mass production of its miniaturised mass spectrometry (‘MS’) instruments, with a view to maximising available margin through reduced costs while broadening its marketing reach.
Targeting annual sales of up to 100 units for each therapeutic drug monitoring sector over the next two to three years, with further opportunity in other analytical areas, HZH has confirmed it can meet the prospective demand requirements for both China and the rest of the world.
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