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Fosun Forms $100 Million China Medical Device JV with Intuitive Surgical

publication date: Sep 29, 2016
Shanghai Fosun Pharma has formed a $100 million China medical device JV with Intuitive Surgical of Massachusetts. The JV will develop novel robotic-assisted catheter-based medical devices that use Intuitive Surgical's IP, initially for early diagnosis of lung cancer. Intuitive makes the well-known da Vinci suite of minimally-invasive surgical devices. Based in Shanghai, the JV will develop and manufacture the devices for global markets. The JV will also be in charge of China distribution, while Intuitive will be responsible for ex-China sales. More deails....

Stock Symbols: (SHA: 600196: HK: 2196) (NSDQ: ISRG)

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