Recently, Zhejiang Batai Medical Technology Co., Ltd. ("Baitai Medical"), which specializes in vascular intervention and implanted high-end medical equipment, announced that it has obtained tens of millions of A-round financing from Shenzhen Guozhong Venture Capital Management Co., Ltd. (below) The National Small and Medium Enterprise Development Fund, managed by the “China-China Venture Capitalâ€, is the leader of Sanze Capital. Established in Hangzhou in 2015, Batai Medical is a national high-tech enterprise dedicated to the research, development, production and sales of cardiovascular and peripheral vascular interventions and implanted high-end medical device products. The company's products mainly include paclitaxel-eluting PTCA balloon dilatation catheter, paclitaxel-eluting PTA balloon dilatation catheter, paclitaxel-eluting peripheral vascular stent system, PTCA balloon dilatation catheter, coronary balloon dilatation catheter, PTA balloon dilatation catheter, peripheral Balloon dilatation catheters, contrast catheters, guiding catheters, and catheter sheaths. Batai Medical has more than 20 core patents; it has obtained EU CE certification for 5 products; paclitaxel-eluting PTCA balloon dilatation catheter has been the first in China to obtain the “Green Channel†for the registration and approval of the State Food and Drug Administration. Paclitaxel-eluting peripheral vascular stent system was selected as “2017 Zhejiang Key Research Projectâ€. Batai Medical has products and cutting-edge technologies with core competitiveness in the industry. Yan Yuqiang, founder and general manager of Batai Medical, said: “I am very grateful to the support of China Venture Capital and Sanze Capital. The A round of financing will accelerate the development of the core business of Batai Medical, the research and development of innovative products and the layout of the terminal market. Under the guidance of national policies, accelerate the pace of localization of high-value consumables." Pang Changwei, the investment director of China Venture Capital, said: "In recent years, driven by policy support, the return of high-end talent at home and abroad, and product technology upgrades, China's medical device industry has developed rapidly. But the medical device industry is a multidisciplinary field. Domestic products have yet to be further improved in terms of core technology breakthroughs, process upgrades, product quality, etc. In the field of coronary artery, peripheral vascular intervention, and implanted high-value consumables, the market urgently needs some clinically urgently needed higher quality products to be listed as soon as possible. We are optimistic. The long-term development potential of this field; and willing to give full play to the advantages of the national venture capital as a venture capital national team, support excellent teams to develop competitive products, in order to better meet clinical needs and reduce the burden on patients."
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