Devon Energy (DVN)

Devon Medical Products, a global medical device manufacturer and distributor, today announced PKUcare BeiYi Pharmaceutical Co. (PKU) as a strategic distribution partner in the People’s Republic of China.

Under the agreement, PKU will distribute Devon Medical Products’ line of medical devices and equipment, including its extriCARE™ Negative Pressure Wound Therapy (NPWT) system, in China. Devon Medical Products will also identify U.S. medical device companies that manufacture products domestically and connect them with PKU to jumpstart distribution in China.

Devon Medical Products and PKU teamed up last year to help Vycor Medical receive regulatory approval and increase its distribution channels in China for its ViewSite™ Brain Access System (VBAS) neurosurgery device.

“Devon Medical Products strives to develop innovative medical devices that both enhance patient treatments worldwide but also bolster our economy here in the United States,” says Dr. John A. Bennett, president and CEO of Devon Medical Products. “This strategic alliance with the renowned PKU BeiYi Pharmaceutical company will serve to help our business and other U.S. companies expand exports and distribution abroad, increase revenue, and stimulate job growth. We look forward to continuing our mutually beneficial relationship with PKU both in the United States and in China.”

PKUcare BeiYi Pharmaceutical Co. Ltd. is a subsidiary of Peking University International Healthcare Group, a large healthcare organization in China. Peking University International Healthcare Group owns and operates various companies spanning healthcare management, healthcare information systems, medical device distribution, and pharmaceutical R&D, manufacturing, and logistics.

About Devon Medical Products

Devon Medical Products (www.devonmedicalproducts.com) is a global medical device manufacturer and distributor dedicated to advancing healthcare treatments and therapies through technological innovation. The company has cultivated an exclusive line of medical devices, including the CircuFlow™ compression therapy pump series for the treatment of Lymphedema, the ArterioFlow™ 7500 arterial compression pump for the treatment of ulcers related to diabetic foot and peripheral arterial disease, and the extriCARE™ Negative Pressure Wound Therapy (NPWT) System. Devon Medical Products is headquartered in King of Prussia, Pennsylvania, and has international offices staffed with bilingual engineers, product development teams, and regulatory experts.

About PKUcare BeiYi Pharmaceutical Co. Ltd.

PKUcare BeiYi Pharmaceutical Co. Ltd. is a specialized pharmaceutical logistics company providing medicine, chemical raw medicine, drug preparation services, and medical instruments. The company is a subsidiary of the PKU International HealthCare Group, which was established in 2003 to leverage the rich resources of the Founder Group as well as the medical science department of PKU. Presently, it has developed into a group enterprise covering the healthcare and pharmaceutical industries. Taking the projects of PKU International HealthCare Group as the development focus and strategic platform, the Group has a complete healthcare industry group integrating healthcare management, medical information systems, medical nursery, health management and logistics services for healthcare as well as a complete pharmaceutical industry group integrating drug research and development, medicine manufacturing, medicine logistics and medicine sale platforms. It is now an industry shareholding group company with complete healthcare and pharmacy industry chains.