- Business
- Rafina Innovations Inc. Rafina Innovations Inc. (VICA) engages in the research, development, commercialization, and marketing of medical technologies, with a focus on prosthetics, orthotics, rehabilitation, and related biomedical fields. The company operates through two primary segments, Clinics and Technology; the Clinics segment provides prosthetics and orthotics services along with diabetic foot total rehabilitation clinics, while the Technology segment develops and sells medical devices including Flexisense sensing technology, smart insoles, and products in bioengineering, mobility, diabetes management, tissue mechanics, ultrasonics, medical signal processing, orthopedics, and robotic surgery. It serves patients and healthcare providers primarily through clinics in Southern Europe, the Middle East, and North Africa, with additional licensing of proprietary technologies targeting Euro-Asia pharmaceutical distribution.
Founded in 2007 and headquartered in Glasgow, United Kingdom, Rafina Innovations Inc. changed its name from HCi Viocare in July 2018 to reflect its expanded focus on innovation in medical technologies. In April 2021, the company completed the 100% acquisition of C-PHARM Ltd, a wholesale licensed pharmaceutical firm specializing in the import, testing, and distribution of active pharmaceutical ingredients (API) products across Euro-Asia territories, enhancing its operational capabilities and purchasing power for pharmaceutical supplies. This strategic move supports expansion of clinic operations and technology commercialization, including ongoing development of biomedical devices like sleep apnea prototypes and Flexisense applications.