FDAnews Device Daily Bulletin

POLY MEDICURE ACQUIRES US COMPANY

May 24, 2006
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Poly Medicure Limited, 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 in 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. The Economic Times (http://economictimes.indiatimes.com/articleshow/1545716.cms)