The Arazy Group has launched an integrated platform for the simultaneous registration of medical devices in multiple markets. Known as Licensale.com, the online regulatory management system is expected to solve one
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of the major problems that Israeli medical device developers face: Getting regulatory approval in multiple markets quickly without having to give up a sizeable portion of revenues or ownership to local distributors.
Company founder and CEO Benny Arazy expects the cloud-based software to enable many Israeli companies to penetrate markets previously out of reach. “It enables developers to manage the regulatory process without giving up control of their assets,” says Arazy, adding that “It will bring new Israeli medical devices to markets much quicker and at lower cost.”
The Arazy Group, founded by Benny Arazy in Haifa 17 years ago, today operates in 80 countries, with headquarters in Vancouver, Canada.