Scion Medical Technologies, a China-based global medical device company, today announced it entered into an exclusive global distributor agreement with Mermaid Medical, a leading medical device company with major focus in breast care and women’s health. With this agreement, Scion Medical Technologies will further extend the availability of its patented Cassi™ Rotational Core Ultrasound Biopsy Device and Beacon™ Tissue Marker.
Cassi™ is a hand-held, self-contained rotational core ultrasound biopsy device that provides accurate target tissue sampling while delivering more biopsy tissue in fewer passes. One of Cassi’s advantages is its patented Stick-Freeze Technology™ which immobilizes the lesion and secures the tissue for sample collection.
Beacon™ is a nonmetallic tissue marker and is biocompatible for permanent placement within breast tissue. The Beacon breast tissue marker is designed to provide permanent visualization under the major imaging modalities: ultrasound, mammography (X-Ray) and MRI.
According to David Chen, Chairman and CEO of Scion Medical Technologies, “We are excited to be able to partner with Mermaid Medical because of its experience as a medical device distributor, in-depth knowledge of breast biopsy market, as well as its dedicated sales team in Europe and USA. We believe this alliance will enable us to deliver our innovative tools to the healthcare professionals to enhance patient care.”
Mermaid Medical Group has its focus on Breast care and women’s health with a dedicated direct sales force in all major European markets and in the USA. Other markets are supported by well-established distributors. “The partnership with Scion Medical Technologies is the perfect match for Mermaid Medical’s strategy of building up a first class breast product portfolio and we have high hopes of the cooperation and selling of CassiTM and the non-metalic BeaconTM marker for ultrasound, mammography (X-Ray), MRI and tomosynthesis” said Lars Vinther, CEO of Mermaid Medical. “The Scion product line is a perfect match with the R&D pipeline that Mermaid Medical will release over the next 12 months.”
Scion Medical Technologies engaged Medical Device Incubator and Technology Brokerage firm, Hatch Medical LLC to broker the transaction.
About Scion Medical Technologies
Scion Medical Technologies (Scion) is a global medical device company with operations in USA and China. Scion has a portfolio of products with marketing clearance which are sold in the US, Europe and Asia both directly by Scion and through distribution partners. Scion is a fully integrated company with two manufacturing facilities in China as well as R&D, distribution and regulatory expertise. The Company has grown mainly through product acquisition and partnering transactions with both midsize and large multinational companies. Scion’s expertise is in minimally invasive procedures with a focus on products used mainly by interventional radiologists and surgeons.
About Mermaid Medical
Mermaid Medical Group is a private and independently owned company founded in 2007 and headquartered in Copenhagen, Denmark. Mermaid is a global manufacturer and distributor of medical devices and has its main focus on breast care and women’s health, interventional radiology & cardiology and ultrasound interventions.
Within our areas of business we strive to be the preferred partner for both manufacturers of medical devices as well as end-users in the healthcare sector. Mermaid Medical Group is the exclusive distributor for several world-leading manufacturers of medical devices and supply medical devices to hospitals and other end-users.