New investments Shanghai-Hong Kong

Microport Scientific Corp., a Shanghai-based medical device manufacturer, is considering expanding its business and offering its products for sale in Hong Kong

Written Wednesday, by Emanuele Mortarotti

Welcome back to the News section of Dispotech, your disposable excellence.

Today we will be talking about news published on dealstreetasia.com.

 

Microport Scientific Corp., a Shanghai-based medical device manufacturer, is considering expanding its business and offering its products for sale in Hong Kong; more specifically, the product presented on the market as their lead product, an artificial heart valve replacement.

The transcatheter aortic valve replacement is a minimally invasive procedure that involves installing an artificial valve without touching the existing one - which is malfunctioning.

The company in question could increase its profits by about $200 million by moving on the Hong Kong market, which today is one of the most interested in the world and definitely on the rise. Details and rumors about a possible offer are still being defined, according to the insiders.

An increasing number of medical and health care companies are planning a development strategy towards Hong Kong, due to the city’s permissive economic policies - especially when it comes to accommodating companies that deal in sectors such as biotechnology. An example of this is Pharma Inc., a biotech multinational that is collecting orders for an estimated amount of 457 million dollars; among other companies, the American Stealth BioTherapeutics Inc. and the Chinese Hua Medicine Ltd. have been among the first companies to “apply” for entry into this attractive and - recently - accessible part of the market.

Microport’s shares, which arrived in Hong Kong in 2010, have increased 42% over the past year, giving the company a market value of nearly $1.7 billion.

What do you think? Interested in finding out more? Contact Dispotech, your disposable excellence.

Emanuele Mortarotti
Author Emanuele Mortarotti

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