Meihua subsidiary announces cooperation agreement with Getein Biotech

Meihua International Medical Technologies announced the Company’s subsidiary Jiangsu Huadong Medical Device Industrial has entered into a strategic cooperation agreement with Getein Biotech, to jointly produce and sell Covid-19 antigen test kits and other in vitro diagnostics, or IVD, products. Under the Cooperation Agreement, Jiangsu Huadong will serve as an exclusive production, research and development center for Getein Biotech in Northern Jiangsu Province, which will initially be dedicated to the production of Covid-19 antigen test kits, with the aim of producing other high-end IVD medical device products in the future. The Company recently completed a brand-new workshop, built in accordance with good manufacturing practices, that covers an area of more than 8,000 square meters with an additional 15,000 square meters of commercial warehousing space. The production base is equipped with 52 new fully automated Covid-19 antigen test kit production lines. Jiangsu Huadong will hire an additional workforce of more than 400 workers and 35 technology staff who will safeguard production of all products. The facility has obtained Class III medical device production certification, a requirement of the Jiangsu Provincial Food and Drug Administration of China, and will be ready to commence production after January 16, 2023.