Cuprina Completes Lab Able to Supply MEDIFLY Chronic Wound Therapy Across MENA Region, Secures Exclusive License to Market Medicinal Leeches in GCC Countries

Rhea-AI Summary

Cuprina Holdings (NASDAQ: CUPR) has announced two significant developments in the MENA region. First, its 49%-owned associate, Cuprina MENA Co. Ltd, has completed setting up a laboratory in Saudi Arabia for manufacturing MEDIFLY maggot debridement therapy for chronic wound treatment. The company is now pursuing regulatory approvals, including Saudi FDA license and ISO 13485 certification. Second, Cuprina MENA has obtained exclusive rights from Biopharm UK Ltd to distribute medicinal leeches across GCC countries. These leeches are used to treat various medical conditions including venous congestion, post-surgical healing, osteoarthritis symptoms, and veterinary applications, particularly for treating polycythaemia vera.

Positive

• Establishment of new laboratory in Saudi Arabia expands manufacturing capabilities for MEDIFLY therapy
• Secured exclusive distribution rights for medicinal leeches in GCC countries
• Strategic expansion into MENA and GCC markets expected to generate significant incremental revenue
• Diversification of product portfolio with both MEDIFLY therapy and medicinal leeches

Negative

• Pending regulatory approvals required before sales can begin in MENA region
• Limited ownership (49%) in Cuprina MENA Co. Ltd suggests reduced profit potential from the venture

News Market Reaction

+1.63%

1 alert

+1.63% News Effect

On the day this news was published, CUPR gained 1.63%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SINGAPORE, June 04, 2025 (GLOBE NEWSWIRE) -- Cuprina Holdings (Cayman) Limited (Nasdaq: CUPR) (“CUPR” or “the Company”), a biomedical and biotechnology company dedicated to the development and commercialization of products for the management of chronic wounds and infertility, as well as cosmeceuticals for the health and beauty sector, today announced that its indirect 49%-owned associate, Cuprina MENA Co. Ltd, had completed the set-up of a laboratory, located in Saudi Arabia, equipped to manufacture the company’s MEDIFLY maggot debridement therapy for the treatment of chronic wounds and to supply the therapy across the Middle East and North Africa (“MENA”) region.

Cuprina MENA is now working towards obtaining the regulatory approvals, including the Saudi Food and Drug Authority license and ISO 13485 certification, required in order to sell the therapy in the MENA region.

In another development, Cuprina MENA has secured exclusive rights from Biopharm UK Ltd (“BioPharm”), the world’s leading provider of medicinal leeches, to sell these leeches across the Gulf Cooperation Council (“GCC”) countries. 

Medicinal leeches are increasingly used in the GCC to treat diverse medical conditions including venous congestion, which is a buildup of blood in the veins, and to aid in tissue healing and circulation following reconstructive and microsurgery procedures. The leeches are also used to relieve symptoms of osteoarthritis as well as in veterinary surgery, especially to help treat polycythaemia vera, a chronic blood cancer.

 “We are excited to complete both of these milestones,” said Cuprina chief executive David Quek. “These achievements, we believe, will help us to expand our market reach in the MENA and GCC regions, and add significant incremental revenue for our company. I look forward to sharing updates on these developments in the near future.”

About Cuprina Holdings (Cayman) Limited
We are a Singapore-based biomedical and biotechnology company that is dedicated to the development and commercialization of innovative products for the management of chronic wounds, as well as operating in the health and beauty sectors. Our expertise in biomedical research allows us to identify and utilize materials derived from natural sources to develop wound care products in the form of medical devices which meet international standards. For more information, please visit https:// www.cuprina.com

About Biopharm UK Ltd
BioPharm is an international company based in Hendy, South Wales, UK.  Established originally in 1812, it moved to its current base in 1984.  BioPharm is the first leech farm of its kind and we are innovators in the cultivation of the medicinal leech, currently producing the majority of leeches used in modern medicine worldwide.
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BioPharm is the pioneer in medical leech provision and has nurtured the renaissance of leeches in modern surgery.  Our leeches are maintained in as sterile and pure environment as is possible; we continually invest in technology which includes ultraviolet light sterilization, reverse osmosis, activated carbon absorption and foam fractionating.  These processes ensure that BioPharm Leeches are of the highest clinical standard. For more information, please visit https://www.biopharm-leeches.com

FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Cuprina Holdings (Cayman) Limited specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Cuprina Holdings (Cayman) Limited Investor Contact
Investor Relations
c/o Blk 1090 Lower Delta Road #06-08
Singapore 169201
+65 8512 7275
Email: ir@cuprina.com.sg

Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5^th Floor
New York, New York 10036
Office: (646) 893-5835
Email: info@skylineccg.com

FAQ

What is the purpose of Cuprina's new laboratory in Saudi Arabia?

The laboratory in Saudi Arabia is equipped to manufacture MEDIFLY maggot debridement therapy for treating chronic wounds and will supply the therapy across the MENA region.

What regulatory approvals does CUPR need for its MENA operations?

Cuprina needs to obtain Saudi Food and Drug Authority license and ISO 13485 certification to sell its therapy in the MENA region.

What medical conditions can be treated with Cuprina's medicinal leeches in GCC countries?

The medicinal leeches can treat venous congestion, aid in tissue healing after reconstructive surgery, relieve osteoarthritis symptoms, and help treat polycythaemia vera in veterinary applications.

Who is Cuprina's partner for medicinal leech distribution in GCC countries?

Cuprina MENA has secured exclusive rights from Biopharm UK Ltd, the world's leading provider of medicinal leeches, for distribution in GCC countries.

What is Cuprina's ownership structure in the MENA region?

Cuprina holds a 49% ownership stake in Cuprina MENA Co. Ltd, which operates the Saudi Arabian laboratory and holds the GCC distribution rights.