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Poly Medicure Limited ( (IN:POLYMED) ) has shared an update.
Poly Medicure Limited, via its wholly owned subsidiary Polymed Brazil Ltda, has acquired 100% equity of Brazilian medical device firm Medyneo Comercio de Produtos para Saude Ltda. The transaction, completed on April 29, 2026, makes Medyneo a wholly owned subsidiary of Polymed Brazil and a step-down subsidiary of Poly Medicure.
The acquisition gives Polymed Brazil access to all necessary operating licenses to import and distribute medical devices in Brazil, aligning the target’s activities with Poly Medicure’s core business. This move is expected to strengthen the company’s commercial footprint in the Brazilian healthcare market by enabling direct commercialization and regulatory-ready distribution of its medical devices in the country.
More about Poly Medicure Limited
Poly Medicure Limited is an India-based medical devices manufacturer with operations including plants in Faridabad, Haryana, and a registered office in New Delhi. Through its wholly owned subsidiary Polymed Brazil Ltda, the company focuses on importing, commercializing, and distributing medical devices in international markets, including Brazil.
Average Trading Volume: 17,379
Technical Sentiment Signal: Hold
Current Market Cap: 154.1B INR
See more insights into POLYMED stock on TipRanks’ Stock Analysis page.