Increased Competition For Medical Devices Drives Profits Down For Shanghai Medical
This article was originally published in PharmAsia News
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
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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)
BEIJING - Johnson & Johnson's medical device manufacturing base started operation in China's southern city of Suzhou, the company announced April 22
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