HCmed Innovations Co., Ltd. announced that it has formed a strategic alliance with Formosa Laboratories, Inc. and Formosa Pharmaceuticals, Inc. to expand its business in the inhalation treatment field, providing contract development and manufacturing services. By integrating HCmed's vibrating mesh nebulizers, Formosa Laboratories' drug development and manufacturing capabilities, and Formosa Pharmaceuticals' APNT nanotechnology platform, the three parties are expected to become a one-stop shop in the biopharmaceutical industry as a full-service contract development and manufacturing organization (CDMO). The companies share similar visions on the development of their CDMO business.

The collaboration between the parties signifies the joining of forces between three key players in the biotechnology and high-end medical device industries in the respiratory drug market. With Formosa Pharmaceuticals' nanotechnology platform, Formosa Laboratories' development and production experience of APIs, ADCs, and injections, and HCmed's technology in developing customized mesh nebulizers, the parties aspire to provide an all-round service across the full development process, including early drug development, clinical trials execution, mass production, and product launch. This collaboration is expected to increase the number of CDMO orders, deepen customer relationships, and contribute to revenue increase.