The China Food & Drug Administration jacks up its registration fees for medical devices and drugs to help it cope with a rising backlog of applications.
(Reuters) — The China Food & Drug Administration steeply raised the fees required to register medical devices and drugs in the world's 2nd-biggest pharmaceutical market, as a lack of resources and expertise hinders its ability to process a rising number of applications.
Medtronic is reportedly looking to grow its presence in China with lower-cost devices, as well as search the Chinese domestic market for possible acquisitions.
Medtronic (NYSE:MDT) is reportedly looking to actively expand its low-cost medical device presence in China, as well as searching the domestic medical-device market for possible acquisitions.
India's health ministry says it's forming a program to monitor medical device adverse events in the next 3 months.
India's health ministry said this week that it's forming a program in the next 3 months to monitor adverse events in medical devices across the country, PharmaBiz.com reported.
Guided Therapeutics raises $775,000 from Chinese investors to pursue distribution in the People's Republic for its LuViva cervical scanner.
Boston Scientific says it bought a stake in Frankenman Medical, a Chinese medical device maker, with which it plans to build an endoscopy business in China.
HemCon Medical Technologies will start selling wound care products in China, thanks to a newly-obtained approval from the China Food & Drug Administration.
HemCon Medical Technologies gained Chinese regulatory approval to start selling wound care products in the world's largest nation.
Canadian regulators approved HeartWare International's ventricular assist device as a bridge to heart transplant for patients with end-stage heart failure.