# Syntellix Asia and Chunli sign €100M distribution contract for MAGNEZIX implants in China

Syntellix Asia and Beijing Chunlizhengda Medical Instruments signed a cooperation and distribution agreement for MAGNEZIX magnesium-based implants in China, with a minimum purchase quantity of over €100 million over 5 years.

- Type: Contract
- Announced: 2019-08-30
- Where: China, China
- Value: $110.0M (100.0M EUR)
- Status: announced
- Products: bioabsorbable magnesium-based implants
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Syntellix Asia](https://endata.com/companies/41734.md) (supplier)
- [Beijing Chunlizhengda Medical Instruments](https://endata.com/companies/41735.md) (customer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/syntellix-asia-and-chunli-agree-far-reaching-co-operation-to-introduce-and-market-innovative-quantum-leap-in-implantology-magnezix-medtech-devices-in-china-300909737.html), 2019-08-30: "The minimum purchase quantity of the agreed milestone contract amounts to more than 100 million euros over 5 years"

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