In September this year, Hanmi Science united with one of its subsidiaries, Hanmi Healthcare.
In his new role as CEO of Hanmi Science, Lim Jong-hoon—who was the CEO of Hanmi Healthcare prior to this shift—will be in charge of the company's healthcare operations.
“The primary segment of Hamni Science is the medical device unit, which is set to be looked over and changed during the expansion to make it more efficient and organised“
The primary segment of Hamni Science is the medical device unit, which is set to be looked over and changed during the expansion to make it more efficient and organised. This will hopefully increase the firm’s annual sales by over £10 million, from £19.3 million to over £32 million.
The company’s product portfolio includes treatment supplies for use during surgery. Some examples of these supplies are Liquiband, for sutures post operation, and Surgiguard Gauze, an anti-adhesion product that stops an individual’s organs or nerves from adhering while surgery is taking place.
Hanmi estimates that almost one third of their revenue comes from their medical device division, with key product sales increasing by over 30% since 2019.
Guardix, another anti adhesive product they carry, has 40% market dominance in South Korea, their domestic industry location, generating £12.84 million (20 billion won) in revenue each year.
Since 2018, Hamni has formed alliances with approximately 10 other businesses, many also in Korea. Helping them to bring innovative products to market including hemostatic agents, inflammatory marker test reagents, and medical adhesives.
Their portfolio also extends to medical equipment, diagnostic tools and hemostatic gauzes for animals.
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An executive member of Hamni Healthcare explained that "The medical device unit is an important business of the company's future and will serve as the company's core cash cow. In addition to the company's achievements in the field of surgical treatment materials, Hanmi Healthcare will expand its business to encompass the entire medical device industry."See all the latest jobs in Medical Devices