MASSDEVICE ON CALL — Medtronic (NYSE:MDT) is looking to significantly boost its reach in China, country with "the world’s biggest diabetes epidemic," according to a local report.
Medtronic diabetes group president and executive vice president Hooman Hakami told ShanghaiDaily.com that he estimates China will one day account for 20% of the company’s global diabetes revenues, up from the 2.5% it represents today.
"We aim to expand our research and development capabilities and strengthen partnership with government authorities to offer Chinese patients cutting-edge products at more accessible prices," Hakami told the paper.
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