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news.Pioneer Surgical Technology, a medical device firm, and Bonovo Orthopedics, a Chinese manufacturer and distributor of orthopedic products, have signed a comprehensive agreement that effectively opens the Chinese market for the distribution and sale of Pioneer's full portfolio of spine products.
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Under the terms of the relationship, Bonovo will serve as Pioneer Surgical Technology’s exclusive distributor of products for the Chinese spine market. Details of the agreement were not disclosed.
Matthew Songer, Pioneer’s CEO and chairman of the board, said: “The signing of this agreement with Bonovo Orthopedics is a milestone for our international expansion goals. Partnering with Bonovo secures the infrastructure and expertise necessary to be successful in the Chinese market.”
Lex Giltaij, vice president of Pioneer’s European subsidiary, said: “This partnership presents huge opportunities for both of our companies. With our shared vision, we will have the opportunity to train surgeons from China, the US, and western Europe, to exchange knowledge, and build a prosperous future together.”