BIODEVICES, INC. evolved from the Multi-Specialty Division (MSD) of (FMEI) FERNANDO MEDICAL ENTERPRISES, INC. – which handled the “Cardiovascular Product Line” of the company.
With FMEI’s tremendous growth, the need to establish a more focused sales organization became more apparent. Being a service organization, sales could only be maximized if the other support concerns (such as logistics, technical services & finance) are properly aligned. Thus in March 2006, BIODEVCIES, INC. was given its Certificate of Incorporation by the Securities and Exchange Commission (SEC). In September of 2006, it started to operate as a separate business entity with its core of management team, rank and file personnel carved out of MSD group of FMEI. Like its sister companies – FMEI & BIOSOLUTIONS INC. – BIODEVICES INC. is part of the (MHI) MOONYEEN HOLDINGS INC. Group. Eventually, all the exclusive distribution rights granted by the Manufacturing Companies to FMEI were transferred to BIODEVICES, INC.