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FDA Works with China to Ensure Medical-Product Safety

April 18, 2014 8:02 am | by Christopher Hickey, Ph.D., Country Director for the People’s Republic of China, FDA | Blogs | Comments

Americans benefit greatly from medical products produced by other countries. Approximately 40 percent of finished drugs in the United States come from overseas, as well as more than 50 percent of all medical devices. About 80 percent of the...

China in Your Hands: Grasping the Potential of Emerging Markets

March 13, 2014 3:23 pm | by Vince Postill, SVP of Global Business Development, PrisymID | Blogs | Comments

In 2011, China officially became the third biggest pharmaceutical market in the world – almost...

U.S. Lead in Science and Technology Shrinking

February 7, 2014 10:28 am | by National Science Foundation | News | Comments

The United States' predominance in science and technology (S&T) eroded further during the...

Covidien Receives Japanese Regulatory Approval for Reinforced Stapling Reload Technology

January 27, 2014 5:11 pm | by The Associated Press | News | Comments

Covidien plc has announced that its Japanese subsidiary, Covidien Japan Inc., has received...

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MicroPort Scientific Corporation and Sorin Group Sign Joint Venture Agreement for Cardiac Rhythm Management Business in China

January 9, 2014 6:00 am | by The Associated Press | News | Comments

MicroPort Scientific Corporation and Sorin Group, announced today that they have entered into a definitive agreement to form a joint venture to market and develop cardiac rhythm management (CRM) devices (implantable pacemakers, defibrillators...

PMDA Approves Jarvik 2000 Heart in Japan

December 5, 2013 1:45 pm | by PR Newswire | News | Comments

JARVIK HEART, Inc., a privately-held company that develops and manufactures cardiac assist devices, announced that the Japanese Pharmaceuticals and Medical Devices Agency (PMDA) has granted approval to the Shonin (or pre-market approval)...

Research Funding is Falling Behind, Calls for New Focus on Innovation

December 3, 2013 12:22 pm | by University of Maryland School of Medicine | News | Comments

The United States may be losing ground as the leader in biomedical research and within the next five years will be second to China in the funds it spends for R&D, according to Francis Collins, M.D., Ph.D, director of the National Institutes...

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Apollo Hospitals and Medtronic Announce a Collaboration to Bring an Affordable, Portable Hemodialysis System to India

October 9, 2013 5:06 am | by The Associated Press | News | Comments

Apollo Hospitals Enterprise Ltd., one of the leading healthcare providers in Asia, and Medtronic, Inc. (NYSE: MDT), the global leader in medical technology, today announced a collaboration to bring to market an innovative, affordable and portable...

New Guide Helps Sponsors Compare Asia-Pacific Countries for Medical Device Trials

October 8, 2013 8:00 am | by The Associated Press | News | Comments

A new booklet from Theorem Clinical Research is now available to help researchers at medical device companies decide if they want to conduct clinical trials in the Asia-Pacific region, and, if so, in what countries. Titled “ A Guide to Country...

Micell Technologies Announces Development and Distribution Agreement to Bring MiStent SES to China

October 1, 2013 8:00 am | by The Associated Press | News | Comments

Micell Technologies, Inc. has entered into an agreement with Hefei Life Science Technology Park Investment and Development Co., Ltd. (Hefei Life Science), for the clinical development, marketing and distribution of the MiStent Sirolimus Eluting Absorbable Polymer Coronary Stent System (MiStent...

Emerging Markets Present Challenge for Medical Device Companies Outsourcing Clinical Activities

September 6, 2013 4:02 pm | by PR Newswire | News | Comments

It's no secret that the medical device sector sees emerging markets such as China and Brazil as their best opportunity for top-line growth over the next decade. But to ensure their expansion into emerging markets, device companies will have to conduct more clinical activities in these high-growth countries so they can market their new products there.

Medtronic opens doors on innovation center in Singapore

September 5, 2013 8:59 am | by Mass Device | News | Comments

Medtech titan Medtronic opened the doors on a new Center of Excellence in Singapore, where new business models will be designed, tested and scaled for Asian markets. Based in Medtronic's existing Singapore facility, the new center will also develop commercial models that may eventually extend to various markets around the globe after passing muster in a single country.

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South Korea is a "key market" in Covidien's global strategy

August 27, 2013 1:36 pm | by Mass Device | News | Comments

Massachusetts medical device maker Covidien is opening the doors on a new Center of Innovation in South Korea, a country that the company calls "a key market in our global strategy." Covidien plans to spend $21 million over the course of 3 years to support the center...

The Japanese Market For Peripheral Vascular Devices Will Be Characterized By New Product Launches In Many Segments

August 22, 2013 8:00 am | by PR Newswire | News | Comments

According to Millennium Research Group, the global authority on medical technology market intelligence, efforts to streamline the regulatory approval process in Japan have resulted in the recent entry of numerous devices in the Japanese peripheral vascular (PV) device market, and more products, such as drug-coated balloons and infrapopliteal stents, are expected to enter in the next few years.

J&J Pleased Chinese Anti-Monopoly Dispute Is Over

August 5, 2013 12:50 pm | by The Associated Press | News | Comments

Healthcare giant Johnson and Johnson says it is pleased to put a legal dispute behind it after a Chinese court ordered it to pay compensation to a former distributor under an anti-monopoly law. Thursday's ruling said Johnson & Johnson was guilty of "vertical monopoly" for setting minimum prices its distributors charged for surgical sutures.

China fines Johnson & Johnson in landmark price-fixing case

August 2, 2013 1:26 pm | by Mass Device | News | Comments

Johnson & Johnson (NYSE:JNJ) won the dubious distinction of being the 1st Fortune 500 company to be fined for price fixing in China, according to a newspaper there. The healthcare giant was fined 530,000 yuan (about $86,456) by the Shanghai High People's Court yesterday to compensate a former Chinese distributor, Rainbow Medical, China Daily reported.

Made in China…But at What Cost?

July 31, 2013 4:56 pm | by Sean Fenske, Editor-in-Chief, MDT | Blogs | Comments

When it comes to business and manufacturing, I have to admit, I’m not always the “Rah! Rah! USA!” guy. As a consumer, I believe in getting the best product for my dollar, regardless of where it is made. My mother used to continue to buy U.S. cars because she believed in “buying American” even though each and every car she got would give her some sort of mechanical problem for a significant amount of the time that she owned it.

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Vinegar Cancer Test Saves Lives, India Study Finds

June 3, 2013 11:25 am | by Marilynn Marchione and Muneeza Naqvi, Associated Press | News | Comments

A simple vinegar test slashed cervical cancer death rates by one-third in a remarkable study of 150,000 women in the slums of India, where the disease is the top cancer killer of women. Doctors reported the results Sunday at a cancer conference in Chicago.

A Rise in the Number of the Aged in Asia-Pacific Widens the Market for Home Care Devices, Finds Frost & Sullivan

May 12, 2013 11:53 pm | by PR Newswire | News | Comments

KUALA LUMPUR, Malaysia, May 12, 2013 /PRNewswire/ -- Acknowledging the rapid aging of the population in Asia-Pacific, governments are encouraging patients to opt for home care by offering incentives, subsidies and tax cuts. While improving patients' quality of life, home care also...

Recall: Hoya Surgical Optics Pulls Intraocular Lenses amid Adverse Event Reports

April 5, 2013 10:29 am | by Mass Device | News | Comments

Singapore-based Hoya Surgical Optics recalled 5 models of its intraocular lenses after receiving reports of higher-than expected rates of inflammation from doctors in several countries. Healthcare regulators in the U.K. and in Australia have both reported the recall, asking doctors to stop using the implants immediately.

Reimbursement Cuts Will Challenge Japanese Interventional Cardiology Device Market

April 3, 2013 8:00 am | by The Associated Press | News | Comments

According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, prices of interventional cardiology devices in Japan will see significant declines through 2021. The Japanese Ministry of Health, Labor and Welfare (MHLW) is implementing ...

Prosecutor: Researcher Stole Cancer Data for China

April 2, 2013 9:10 am | by The Associated Press | News | Comments

A researcher at the Medical College of Wisconsin is charged with espionage after prosecutors say he stole details of a cancer-fighting compound that he wanted to share with China.

Keeping Ahead in China Means Adapting to a Shifting Market, Analysts Say

April 1, 2013 3:14 pm | by Mass Device | News | Comments

Analysts at PricewaterhouseCoopers say that life sciences companies that are ready to evolve along with China's shifting landscape will be in the best position to capitalize on what's projected to become a $1 trillion healthcare market within the decade.

The Chinese Medical Device Market: Driven by Both Growth and Value

March 8, 2013 12:42 pm | by Mass Device | News | Comments

In recent years, medical device companies in the U.S. and Europe have woken up to what pharmaceutical, industrial, and consumer goods companies have known for some time – China is a major growth opportunity. Even more recently, we've seen several well-known device companies step into the market more directly by buying domestic Chinese device companies.

Asian Portable Heart Monitor Demand Drives Expansion of Global Diagnostic Cardiology Device Market

March 4, 2013 10:08 am | by IMS Research | News | Comments

Pumped up by rising demand in Asia for portable heart monitors, the global market for diagnostic cardiology devices is set to expand by 12 percent from 2011 to 2016, according a new report from IMS Research, now part of IHS. Worldwide market revenue for diagnostic cardiology devices is projected to rise to $882 million in 2016, up from $786 million in 2011.

Singapore Pumps Innovation into the Heart of Asia’s Growing Cardio Device Industry

December 19, 2012 4:57 pm | by Kevin Lai | Blogs | Comments

In the time it takes to read this piece, 30 Chinese men and women will die from heart disease. This staggering statistic means that as Asia continues to witness astonishing growth and development, Asians will increasingly wrestle with the disease. Heart disease is already the number one killer in China and India, and is fast on the rise throughout Southeast Asia, where the World Health Organization reports that cardiovascular diseases accounts for 27% of all deaths.

Researchers Restore Neuron Function to Brains Damaged by Huntington's Disease

May 29, 2012 9:10 am | News | Comments

Researchers from South Korea, Sweden, and the United States have collaborated on a project to restore neuron function to parts of the brain damaged by Huntington’s disease (HD) by successfully transplanting HD-induced pluripotent stem cells into animal models.

Devon Medical Products Announces Strategic Alliance with PKUcare BeiYi Pharmaceutical Co. to Distribute U.S.-Made Medical Products in China

May 18, 2012 6:58 am | News | Comments

Devon Medical Products, a global medical device manufacturer and distributor, today announced PKUcare BeiYi Pharmaceutical Co. (PKU) as a strategic distribution partner in the People’s Republic of China. Under the agreement, PKU will distribute...

US spends far more for health care than 12 industrialized nations, but quality varies

May 4, 2012 5:36 am | News | Comments

The United States spends more on health care than 12 other industrialized countries yet does not provide "notably superior" care, according to a new study from The Commonwealth Fund. The U.S. spent nearly $8,000 per person in 2009 on health care services...

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