# Omeq Medical signs $3 million agreement with Pharos Medical for China market

Omeq Medical Ltd. signed a $3 million investment and commercialization agreement with Pharos Medical for its smart epidural device in China. Pharos will establish a production line in China and support global efforts, with CFDA clearance and production expected by mid-2020.

- Type: Contract
- Announced: 2019-01-29
- Where: Shanghai, China
- Value: $3.00M
- Status: announced
- Products: smart epidural device
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Omeq Medical](https://endata.com/companies/36960.md)
- [Pharos Medical](https://endata.com/companies/36961.md) (partner)
- [The Trendlines Group](https://endata.com/companies/36962.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/omeq-medical-penetrates-epidural-market-in-china-through-us-3-million-funding-and-commercialization-agreement-with-pharos-medical-838507081.html), 2019-01-29: "Omeq Medical Ltd. announced today that it has signed an investment and commercialization agreement for its smart epidural device with Pharos Medical."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.