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MicroPort Medical (Shanghai) Acquires Beijing Pangerui Medical Equipment

This article was originally published in PharmAsia News

Executive Summary

MicroPort Medical (Shanghai) announced it acquired Beijing Pangerui Medical Equipment, its first such foray. MicroPort sells mainly cardiac and cerebrovascular products, with its drug-eluting stents accounting for around 30 percent of China's market. Pangerui is a private high-tech firm that offers Shengtang insulin pump as its key product. MicroPort believes the acquisition can enrich its product lines and make it a more comprehensive medical devices company. However, industry analysts note that the company is expanding its performance in preparation for a listing in the U.S., which is expected to raise up to $150 million. (Click here for more - Chinese Language)
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