Increased Competition For Medical Devices Drives Profits Down For Shanghai Medical
This article was originally published in PharmAsia News
Executive Summary
SHANGHAI - Increased competition and pricing pressures for medical devices led to lower profits for Shanghai Medical Technology's second quarter ended June 30, the company announced Aug. 21
You may also be interested in...
Central Government To Allocate RMB 2.7 Billion For Health Care Facilities In Rural Areas
The Ministry of Heath has revealed details for 2009's centralized purchasing of medical devices. The central government's almost RMB 2.7 billion funds ($392.9 million) for rural health care infrastructure on the level of county, village and hamlet will mainly be used for medical facilities and equipment. Besides continuing to provide basic health infrastructure for towns, the government will equip women's and children's health care organizations as well as TCM hospitals in the county. According to the "Program for Establishing and Developing a Rural Health Care Service System," the government will allocate an average of RMB 80,000 for general clinics, RMB 20,000 for central clinics, RMB 25,000 and RMB 380,000 for women's and children's health care centers and institutions respectively, and RMB 1 million for TCM hospitals. (Click here for more - Chinese Language)
J&J Opens Device Plant In Suzhou, Expects Larger Piece Of China’s Growing Device Market
BEIJING - Johnson & Johnson's medical device manufacturing base started operation in China's southern city of Suzhou, the company announced April 22
PharmAsia News Business Bulletin
A regular roundup of commercial stories appearing in Scrip’s sister publication PharmAsia News, whose multilingual team of regional experts provides authoritative business intelligence focused on the Asian marketplace. Full stories can be accessed by clicking on the story title (subscription required).