- Novo Holdings has made a strategic minority investment in Huizhou ForYou Medical Devices, a China-based CDMO specializing in advanced wound care products. GL Capital will remain the majority shareholder.
- ForYou Medical provides development and manufacturing services spanning biomaterials research, product development, regulatory affairs and large-scale manufacturing for customers across Europe, North America and Asia.
Novo Holdings, a healthcare and life sciences investor, has made a strategic minority investment in Huizhou ForYou Medical Devices Co., Ltd. (ForYou Medical), a China-based contract development and manufacturing organization (CDMO) specializing in advanced wound care products. GL Capital, the company’s majority shareholder, will retain its controlling stake.
Headquartered in Huizhou, Guangdong Province, ForYou Medical develops and manufactures advanced wound care technologies and products. Founded in 2005, the company has built an integrated platform covering polymer materials and biomaterial research, product development, regulatory affairs and large-scale manufacturing. Its services span concept development, product registration and commercial production, with its portfolio serving healthcare companies across Europe, North America and Asia.
Novo Holdings said the investment reflects its view of the long-term growth of advanced wound care, increasing global demand for specialized healthcare manufacturing and China’s role in supplying medical technologies to international healthcare companies. The company also noted that demand for specialized CDMO partners is increasing as healthcare companies seek to accelerate innovation, expand product portfolios and improve operational efficiency.
“China continues to strengthen its position as a global centre for healthcare innovation and advanced manufacturing. ForYou Medical combines technological capabilities with international competitiveness and long-term growth potential.”
Amit Kakar, Managing Partner and Head of Asia at Novo Holdings
ForYou Medical CEO Jinwen Mo said Novo Holdings’ global healthcare experience, long-term investment approach and international network will support the company as it expands its innovation capabilities and serves customers globally. The investment will see Novo Holdings work alongside ForYou Medical’s management team and GL Capital as the company continues its international growth.
