KUALA LUMPUR (Sept 28): K-One Technology Bhd has secured approval from the Ministry of Health (MOH)’s Medical Device Authority  (MDA) to market silicone adhesive tapes primarily used for wound care dressing.

“The K-One group will sell the silicone adhesive tapes in Malaysia as an authorised representative of Wuhan Huawei Technology Co Ltd, which is the manufacturer based in China,” the group said in a filing with Bursa Malaysia.

“The approval will provide the opportunity for the K-One group to further expand its medical device business," added the electronic manufacturing services provider.

The MDA had in August extended the conditional approval given to K-One to import and distribute Covid-19 antigen self-test kits until August 2027.

K-One said the silicone adhesive tape wound dressing market is growing, as its demand is anticipated to increase in tandem with the rising trend of surgeries performed in Malaysia and abroad.

The approval given to the group is for distribution and sale of the tapes in three product categories for a period of five years.

The first two categories are applicable to a variety of indwelling catheters, electrodes or other external fixations that require gentle but robust skin protection and adhesion, while the third helps to improve scar appearance, including hypertrophic and keloid, and restores skin to a more natural color and texture.

K-One shares rose 5% or half a sen to close at 10.5 sen on Wednesday (Sept 28),  giving the group a market capitalisation of RM87.36 million. The stock has declined 34.38% year-to-date.