ICU Medical Inc. and Otsuka Pharmaceutical Factory Form Joint Venture to Enhance IV Solutions Supply Chain in North America

Reuters

05-01

ICU Medical Inc. and Otsuka Pharmaceutical Factory Form Joint Venture to Enhance IV Solutions Supply Chain in North America

ICU Medical Inc., a prominent leader in medical device innovation, has announced a new joint venture with Otsuka Pharmaceutical Factory, Inc., a subsidiary of Otsuka Holdings Co., Ltd. The collaboration, named Otsuka ICU Medical LLC, aims to enhance the IV solutions market in North America by leveraging a global manufacturing network. This partnership promises to deliver increased supply chain resiliency and introduce innovative PVC-free technologies to the market. With production spanning 16 sites across Asia and strong North American operations in Austin, Texas, the joint venture is expected to produce 1.4 billion annual units, offering significant economic and clinical value to customers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICU Medical Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA77452) on May 01, 2025, and is solely responsible for the information contained therein.

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