Scientech Medical

About Scientech Medical

Shanghai Shape Memory Alloy Material Co., Ltd. (SHSMA), operating under the brand Scientech Medical, is a high-tech enterprise established in 1994, specializing in the cardiovascular sector. The company was founded as Shanghai Shape Memory Alloy Development Company and later became a wholly-owned subsidiary of Lepu Medical in 2008. SHSMA focuses on the research, development, production, and marketing of interventional medical devices for structural heart diseases.

The company's business model centers on providing advanced medical solutions for cardiovascular conditions to medical institutions. SHSMA has a significant distribution network, with 288 dealers covering 878 hospitals across China as of mid-2022. Revenue is generated from the sale of its specialized medical devices. The company collaborates with numerous medical institutions and research organizations, like Tsinghua University and Fudan University, to drive product development, conduct clinical trials, and gather feedback on product efficacy and safety.

SHSMA offers a comprehensive product portfolio of devices for the interventional treatment of congenital heart disease, stroke, and valvular diseases. Key products include a series of occluders, such as those for patent ductus arteriosus, atrial septal defect, and ventricular septal defect, as well as snares and delivery systems. The company has also developed left atrial appendage (LAA) and patent foramen ovale (PFO) occluders for stroke prevention and is developing a range of heart valve products. A notable product line is the MemoPart™ occluder, which received its CE Mark in 2012. The company holds a significant number of patents, with 232 registered in China and more pending in the U.S. and European Union.