Chindex International and Fosun Pharma have formally created their previously announced JV, an entity dedicated to marketing and distributing medical devices in China. As a secondary objective, the JV will also engage in R&D and manufacturing of medical devices. Chindex will contribute its Medical Products division to the JV, and Fosun will add much of its medical products distribution business after it secures regulatory approval for the transfer. More details....

Stock Symbol: (NSDQ: CHDX)