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MicroPort-Sorin $20 Million Medical Device JV Approved

publication date: May 28, 2014
MicroPort Scientific of Shanghai and Italy’s Sorin Group reported that their $20 million China medical device JV received official regulatory approval. The JV, which was announced in January, will develop its own CRM devices and also import Sorin’s cardiac rhythm devices for China. MicroPort will invest $10.2 million in the JV for a 51% stake; Sorin will contribute the remainder. Operations are scheduled to begin next month. More details....

Stock Symbols: (HK: 00853) (MIL: SRN)

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