Chinese Hemodialysis Producer Signs Global Manufacturing Agreement
This article was originally published in PharmAsia News
China's largest hemodialysis consumables producer Bain Medical Equipment (Guangzhou) has signed a global manufacturing agreement with the world's second largest artificial kidney manufacturer, Japan Asahi Kasei Kuraray Medical. Under the $10 million deal, Bain will provide loop dialysis catheter and puncture needles to the latter. Besides greater profits, Bain believes it will benefit even more from the management experience of the Japanese partner. Medical device manufacturing deals are not easily modified once signed since clinical trials and registration can take as long as two years. Moreover, few domestic enterprises produce moderate- and high-end products for global medical device makers, so the local firm's own brands will also become more internationally competitive. (Click here for more - Chinese Language)
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