Osstem Implant to supply 490,000 sets to Chinese government

Osstem Implant Co. said on Wednesday that it has won more than 490,000 sets of implants in a bid for dental implants put up by the Chinese government.

Based on the volume-based procurement (VBP) policy, the Chinese government purchases medicines and medical equipment in bulk and provides them to patients at low prices.

The company explained that the volume won this time is the largest among the companies taking part in the bidding.

An Osstem Implant official said that his company would expand its market share by aggressively promoting the surgical convenience of its implants and the success rate in clinical trials.

Write to Jung-Eun Kim at likesmile@hankyung.com