DT News - UK - Neoss receives cash injection for international expansion

Dental Tribune International

Thu. 29 January 2015

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HARROGATE, UK: Dental implant solution provider Neoss has reported that it recently secured an investment deal with Yorkshire Bank in Leeds. The £1.5 million financial support package is intended to help expand the company’s reach into new markets in Asia and to support the launch of a new product this year, Chief Financial Officer Guy Leaver told Dental Tribune Online on Wednesday.

Neoss is currently awaiting regulatory approval for its patented titanium-based implant system in the People’s Republic of China. Market registration is also pending in Japan and Taiwan.

According to Leaver, Neoss has already signed up with major distributors in all three markets. Sales there are expected to commence in the second half of this year.

“The financial partnership with Yorkshire will help us to manage cash flow once sales have begun,” he said.

Although it sells the majority of its implant solutions in overseas markets, the company has not been active in Asia before. In addition to its headquarters in the UK, it maintains subsidiaries in Europe, Australia and the US.

“We see large potential in the region,” Leaver commented. “Particularly in China, where the growth of private practices is revolutionising the landscape of dental care. We obviously have projections and want to see our efforts there grow into a substantial business.”

In addition to its current implant solutions, a new product that Leaver said his company is launching in key markets in the upcoming months will be targeted at the new sales regions. It is to be presented at the upcoming International Dental Show in Germany in March.

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