Following the completion of series A round financing, with the acceleration of the research and development and
commercialization of endoscopy product, Scivita Medical Technology Co., Ltd. ("Scivita Medical") announced today that it
has received nearly RMB0.4 Billion in Series B financing, with new investors such as Hudson Bay Capital Management and
Prime Capital, as well as continuous support from existing shareholders such as GL Ventures, Lilly Asia Ventures and
Matrix Partners China. This round of financing will continue to be used for research and development, capacity
expansion, and domestic and international commercialization of innovative products in endoscopy and related fields.
Since its inception, Scivita Medical has taken globalization as an important strategy and has set up R centers in Suzhou, China and Tokyo, Japan to promote simultaneous global R, patent application, registration and commercialization of its products, and strives to building a global leading
platform for innovative products in endoscopy and related fields. The successful completion of this round of financing
fully reflects the recognition of the new investors and the existing shareholders for the future development potential
and the expectation of the sustainable development of Scivita Medical.
Driven by factors such as the promotion of graded treatment, the development of minimally invasive surgery and the aging
population, the market demand and configuration rate of endoscopes are rising rapidly. Scivita Medical has a
comprehensive product line covering both rigid and flexible endoscopes, reusable endoscopes, single-use endoscopes,
white light endoscopes, fluorescent endoscopes, etc. Currently, Scivita Medical's commercialized products include3D
Visualization System, 4K UHD Camera System, 4K-3D Camera System, 4K Sinoscope, 4K Arthroscope, Single-use Hystero
Videoscope, Single-use Urology Videoscope, Single-use Broncho Videoscope, etc. In the future, Scivita Medical will
continue to launch new products while promoting the simultaneous certification of related products in China, the United
States, Japan, Europe and other countries and regions, and continue to promote the products to the global market.
Scivita Medical's innovation has been ahead of the market with industry leading position, which reflects Scivita
Medical's R strength and confidence. Scivita Medical has global cutting-edge technologies, including ultra-high-definition
visualization technology (such as 4K UHD visualization), 3D visualization technology(including monocular 3D and
binocular 3D), single-use technology, special light visualization technology (such as fluorescence visualization), and
ultra-fine endoscopic technology. In the future, Scivita Medical will also integrate the existing technologies to form a
diversified product matrix such as 4K fluorescence and 3D fluorescence.
Scivita Medical aims at solving clinical pain points through technological innovation and developing high quality
products that suit the needs of clinicians. For example, in the development process of4K UHD visualization, through
cooperation between medical staff and the industry, Scivita Medical learned the pain points in laparoscopy such as
"endoscope fogging" or "smoke interference", and successfully developed the lens tip heating feature, effectively
avoiding fogging caused by temperature differences. The signal processing technology enables the one-key fogging removal
function on the camera, which effectively removes smoke interference and improve the efficiency of surgery. In addition
to effectively solving the problem of cross-contamination, the single-use endoscopes independently developed by Scivita
Medical also enables the image quality to reach the standard of reusable endoscope. In addition, Scivita Medical has
fully considered the ergonomics in product development process, and its single-use endoscopes not only allow clinicians
to control flexibly with both left and right hands, but also meet the needs of clinicians in different scenarios of
standing or sitting diagnosis, effectively alleviating clinicians' operational fatigue and improving diagnosis and
treatment efficiency for the benefit of more patients.
In terms of imaging clarity, color reproduction, or operability, conductivity, and insertion of endoscope, the clinical
evaluation of Scivita Medical's products have reached the international first-class level. In the past few years, most
of the terminal hospitals where Scivita Medical's products are sold in China are the tertiary hospitals represented by
domestic tertiary Grade A hospitals, and the products are on par with major international brand products in terms of
product quality and effect. In the future, in addition to insisting on the strategic goal of making high-end
Made-in-China products, Scivita Medical will also launch generic endoscope systems for hospitals at all levels, and
benefit hospitals at all levels with products of international leading level.
In the future, Scivita Medical will continue to implement the strategy of globalization, deepen its focus on clinical
needs and pain points, and work together with global clinical experts to promote the development of the endoscopy
industry and enhance the level of safety, effectiveness and accuracy of treatments, thereby benefiting patients around
the world.