HOFFMAN ESTATES, Ill. & SHANGHAI–(BUSINESS WIRE)–Life Spine, a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spinal disorders, has entered into a strategic partnership with China Pioneer Pharma Holdings Limited, based in Shanghai, China. China Pioneer Pharma Holdings Limited is an industry leader within China selling into more than 23,000 hospitals, with more than 1,000 dedicated sales representatives. China Pioneer Pharma Holdings Limited recently underwent its initial public offering on the Hong Kong Stock Exchange and currently has a market capitalization of over $700 million.
“With a broad base of highly trained representatives and a strong management team, Pioneer is a great partner for Life Spine’s future growth in China.”
The prospect of entering the fast growing China orthopaedic implant market creates a large potential for expanded revenues, for both companies. “We are very excited to have the expertise of Pioneer behind us as we begin selling into the largest orthopaedic growth market in the world” said Rick Greiber, Vice President of International Sales and Business Development at Life Spine. “With a broad base of highly trained representatives and a strong management team, Pioneer is a great partner for Life Spine’s future growth in China.”
About Life Spine
Life Spine is dedicated to improving the quality of life for spinal patients by increasing procedural efficiency and efficacy through innovative design, uncompromising quality standards, and the most technologically advanced manufacturing platforms. Life Spine, which is privately held, is based in Hoffman Estates, Illinois. For more information, please visit http://www.lifespine.com.
Contacts
Mr. Omar Faruqi
Chief Financial Officer
ofaruqi@lifespine.com
847-884-6117
