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Cuprina Holdings Announces Completion, Receipt of Certification and License, for IVF Media Production Facility Built in Collaboration with Ferti-Craft Pte Ltd.
Globenewswireยท 2025-05-05 14:40
Core Viewpoint - Cuprina Holdings has completed the construction of an in-vitro fertilization (IVF) media production facility in Singapore, obtaining ISO 13485 certification and a dealer license, aiming to produce 14 SKUs of IVF media products by the fourth quarter of 2026 [1][2][4]. Company Overview - Cuprina Holdings is a biomedical and biotechnology company focused on developing products for chronic wound management, infertility, and cosmeceuticals [8]. - The company has experience in establishing ISO 13485-compliant facilities, which enhances its capability to manage production effectively [7]. Facility and Collaboration - The IVF media production facility was built in collaboration with Ferti-Craft Pte Ltd., a Singapore-based medtech company [3]. - The facility will produce IVF media products containing essential nutrients and materials for in-vitro fertilization [3]. - Ferti-Craft will handle regulatory documentation and logistics for raw materials, contributing expertise in assisted reproductive technology [5]. Regulatory and Market Outlook - The facility aims to secure regulatory approval from the Singapore Health Sciences Authority (HSA) for commercial sale of the IVF media products by late 2026 [4][6]. - The global Assisted Reproductive Technology (ART) market was valued at $34.7 billion in 2023 and is projected to grow at a CAGR of 6.9%, reaching $62.8 billion by 2032 due to increasing infertility rates and acceptance of ART [7].