Recently, Suzhou Foremed Legend Medical Technology Co., Ltd. (hereinafter referred to as "Foremed Legend"), a domestic manufacturer of high-end medical aesthetic devices, announced the completion of an angel round of financing of tens of millions of yuan exclusively invested by Yuanyi Capital.

this round of funds will be mainly used for technology optimization, related product pipeline research and development, product registration and declaration, brand building and market expansion.

Founded in September 2021 and headquartered in Suzhou, Foremed Legend has been committed to becoming a global leader in medical aesthetic optoelectronic devices since its inception.

is currently independently developing high-end products such as picosecond laser therapy device, photoacoustic imaging skin detector and photoacoustic guided picosecond laser therapy instrument.

Yuanyi Capital is optimistic about the future development prospects of the industry and the first-mover advantage of Foremed Legend, and hopes to continue to accompany high-quality enterprises in their long-term development. "

Yuqing Xia, founder of Foremed Legend, said: "We are very grateful to Yuanyi Capital for their trust in Foremed Legend.

Foremed Legend will continue to increase R&D investment in core technologies and products, build competitive barriers and industrial advantages, and pay attention to market channel development and brand building, hoping to grow into a leading enterprise in the field of medical aesthetic optoelectronic equipment in the future.

In addition, I sincerely hope that the team at Foremed Legend can abandon the impetuousness of the medical aesthetic circle, maintain their enthusiasm for product development and perseverance in the face of difficulties, and focus on making better products

everyone believes in 'Foremed Legend' Three words are synonymous with safety and effectiveness. "

medical aesthetic optoelectronic device industry is a technology-intensive industry with multidisciplinary cross-integration and extremely high technical barriers.

At present, almost all the mid-to-high-end medical aesthetic optoelectronic equipment used by domestic formal medical aesthetic institutions are imported products, and the overall market share of imported manufacturers in the domestic compliance market has declined slightly in recent years, but it is still as high as more than 80%, almost monopolized.

Under the tide of domestic substitution, although domestic medical aesthetic optoelectronic device manufacturers have a rising trend, their development is still slow due to many problems such as R&D technical capabilities, capital investment, core component supply chain, and compliance supervision.

product lines of most domestic manufacturers are still concentrated in low-end products such as CO2 lasers and IPLs, and the main business of some manufacturers wanders in the gray area of supervision, oscillating between interests and compliance.

few companies that really have the courage to make up their minds and have independent research and development capabilities and technological innovation capabilities for mid-to-high-end optoelectronic products.

wind rises above Qingping, and Xia Yuqing is keenly aware of the changing trend of the medical aesthetic equipment industry." In the next 5 years, it will be more and more difficult to import medical aesthetic devices in the Chinese market, because local products are gradually gaining momentum, which will have a huge impact on imported medical aesthetic devices. The manufacturing cost of imported products itself is high, and the total cost is too high due to the superposition of logistics costs, taxes and other additional costs, and there is no competitive advantage in the market structure without a monopoly position.

" Xia Yuqing judged that in the future, with the improvement of the product capacity of domestic medical aesthetic devices and the highlighting of cost advantages, domestic substitution in the field of medical aesthetic devices will become an important trend.

co-founder Wang Guohe, Ph.D. in the Department of Biomedical Engineering of Peking University, has served as R&D management positions and technical leaders in BOE and other enterprises, as well as teaching in 211 colleges.

has been deeply engaged in the field of biomedical photonics imaging and laser medicine for many years, presided over and participated in a number of national, provincial and ministerial scientific research projects, published many SCI journal papers, and obtained more than a dozen invention patents.

led the team to develop photoacoustic imaging systems, near-infrared second-region fluorescence imaging devices and wearable devices, etc., and has rich experience in team management and software and hardware product innovation and R&D.

medical devices are a strongly regulated industry, and all products from research and development, to testing and registration, to production and sales, each link must be subject to the supervision and review of the national drug regulatory department

tests the comprehensive ability of enterprises in product research and development, registration and approval, quality system construction and market development, and has high market access barriers.

Foremed Legend's core team has successful entrepreneurial experience, professional technology precipitation, compliance and market access advantages, rich resource channels and strong business integration capabilities

Foremed Legend The goal of accelerating the localization process of high-end medical aesthetic optoelectronic equipment has laid a solid foundation.

as a high-end laser product in the medical aesthetic market, the product technology threshold of picosecond laser therapy device is high, the registration and approval barriers are high, and the cost of the whole machine is also expensive, and there is no domestic compliant product

market is completely monopolized by importers.

At present, the price of mainstream imported instruments is around 1.5 million yuan, and the products are out of stock all year round.

" Recently, we tested the prototype of the ForePico and the results were very satisfying.

The spot quality has reached the international leading level, and at the same time, the stability of the energy output has reached a tolerance of 5%, which has exceeded the tolerance level of 20% of imported products."

According to Xia Yuqing, Foremed Legend's self-developed picosecond laser therapy device is expected to become the first "domestic light" that can be comparable to similar imported products in China.

has completed the prototype construction, is optimizing the performance of the whole product, and will soon start testing and registration applications.

it is foreseeable that once the ForePico product is officially approved by the State Food and Drug Administration, it can break the monopoly of existing importers and produce a "rise of domestic products" effect.

"The rise of domestic high-end medical aesthetic optoelectronic products will be very similar to that of consumer electronics such as mobile phones, and the supply chain foundation will be accumulated through OEM and other businesses

from domestic imitation to original innovation, With the help of the huge domestic consumer market to lay the foundation of products, and eventually lead the global market.

"Xia Yuqing believes that through decades of accumulation, China's laser industry has made great progress

high-performance lasers, precision optical components and other core supply chain supporting facilities have been localized, laying a solid foundation for the development of China's medical aesthetic laser equipment.

According to reports, as a breakthrough new imaging technology, most of the current research is in the laboratory stage, and there is no large-scale marketed product in the world, and there is no effective attempt to industrialize.

The photoacoustic imaging skin detector independently developed by Foremed Legend is the first in China and the world's leading skin diagnostic instrument, and its technical level is in the leading position in the world.

Xia Yuqing said that Foremed Legend will continue to do a good job in product research and development, technological innovation and patent layout.

focus on cash flow in the short term to create a healthy business model and business model; Long-term focus on key technological innovation and product pipeline enrichment, strengthen the company's product strength and market power construction, and carry the banner of domestic substitution of medical cosmetology optoelectronic equipment.

At the same time, Foremed Legend will continue to raise funds and expand its team to ensure that the company has sufficient food and ammunition and sustainable development.