LifeTech Scientific to Market Broncus' Pulmonary Medical Devices in China
publication date: Oct 22, 2012
LifeTech Scientific, previously known as a China maker of cardiovascular medical devices, has joined with Broncus Technologies of the US to form a partnership that will commercialize Broncus’ LungPoint® Navigation System in China. The system enables physicians to plan bronchoscopic procedures, and then navigate to precise locations in the lungs to diagnose and treat lung cancers. The partnership is also being joined by DiNova Venture Partners of Shanghai and Themes Investment Partners of Hong Kong. Last week, Medtronic announced that it would pay $66 million to acquire a 26% stake in LifeTech. More details....
Stock Symbols: (HK: 8122) (NYSE: MDT)
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