China has reportedly begun human testing for a COVID-19 vaccine which utilizes nasal spray instead of an injection. A report in Bloomberg cites a registration in the Chinese Clinical Trial Registry confirming that the nasal spray vaccine candidate developed by Xiamen University, Hong Kong University and Beijing Wantai Biological Pharmacy Enterprise is undergoing Phase I […]
China
Hackers targeted medtech and other IP for Chinese government, indictment claims
A federal grand jury in Spokane, Wash. has indicted two Chinese nationals on charges that they hacked into medtech companies and hundreds of other businesses, governments and organizations — in some cases on behalf of the Chinese Ministry of State Security. The 11-count indictment, which the U.S. Department of Justice announced today, alleges that Li […]
Edwards Lifesciences wins approval in China for Sapien 3
Edwards Lifesciences (NYSE:EW) announced today that it received regulatory approval in China for its Sapien 3 transcatheter heart valve. Sapien 3 TAVR (transcatheter aortic valve replacement) is used in the treatment of patients suffering from severe, symptomatic aortic stenosis (AS) who are at high risk for or unable to undergo open-heart surgery. According to a news […]
Coronavirus highlights U.S. reliance on drugs, medical products made in China
The coronavirus pandemic has cast a spotlight on U.S. reliance on pharmaceuticals made in China, with the Trump administration reportedly considering actions to increase demand for American-made drugs and medical products. The executive order in coming days would likely close loopholes that allow the federal government to buy foreign-made pharmaceutics and medical devices, The New […]
BREAKING: Cardinal Health says Chinese supplier behind massive surgical gowns recall
Chinese supplier Siyang HolyMed outsourced some of its surgical gowns production to a non-registered, non-qualified facility where sterility could not be assured — sending hospitals scrambling after Cardinal Health (NYSE:CAH) recalled 9 million of the gowns after learning of the problem. That was the story Dublin, Ohio–based Cardinal Health disclosed in a news release out after […]
Could the U.S.-China trade war stifle medical device innovation?
Makers of high-value medical devices such as MRI machines will likely swallow the cost of the U.S.-China trade war, but that means cutting R&D and other costs, according to a new report from Frost & Sullivan. The report — “U.S.-China Tariff War Implications for the Healthcare Industry” — also predicts that when it comes to […]
The impact of the U.S.-China trade war on medtech
James McGregor doesn’t believe the trade war is just another trough in the up-and-down relations between the United States and China. In fact, he doesn’t believe the present state of affairs is properly called a trade war at all. “It’s a technology war more than a trade war,” Shanghai-based McGregor said yesterday at the MedTech […]
These 7 trends matter the most for medtech in 2019
The medical device industry is experiencing another eventful year in 2019. Medtech companies face many headwinds, from the U.S.-China trade war to an FDA under fire. But the industry is also seeing the rise of new technologies — especially robot-assisted surgery. In fact, so many major companies are getting involved in robot-assisted surgery that some […]
The U.S.-China trade war: Here’s what it means for medical device industry suppliers
If the tariffs actually make a country great again, it might be Malaysia, Vietnam or Costa Rica, global medical device industry suppliers say. The U.S.-China trade war is certainly affecting where U.S. medical device companies decide to make their products. But don’t expect a bunch of manufacturing to come back to the United States. “They […]
China is the world’s digital health leader
China has leapfrogged ahead of other countries when it comes to digital health adoption, and there are important lessons to learn from the country’s experience, according to a new report from Royal Philips (NYSE:PHG). Most Chinese health professionals — 94% — report using digital health technologies or mobile health apps, according to the Future Health Index […]
What does the U.S.-China trade war mean for medical device companies?
The ongoing trade war between the United States and China affects everything from tooling and mold-building to commodity medical devices when medtech is concerned, according to Mark Bonifacio of Bonifacio Consulting Services. Bonifacio, though, thinks China is too big for medical device companies to ignore: Even if the labor costs savings aren’t as attractive, there is simply […]
