Elekta announced today that it entered into a joint venture with Sinopharm to increase the adoption of radiation therapy in China. The initiative aims to bring radiation therapy to what’s considered lower-tier cities. These cities comprise approximately 70% of China’s population, according to a news release. Elekta develops precision radiation therapy to treat cancer. The […]
Sinopharm
GE HealthCare is expanding its partnership with Sinopharm in China
GE HealthCare (Nasdaq:GEHC) is forming a long-term joint venture with Sinopharm as it seeks to make additional inroads in China’s medical device market. Shanghai-based Sinopharm is one of the largest life science products companies in the world. Its pharmaceutical business alone — with roughly $60 billion in annual revenue — places it at No. 2 […]
Pharma 50: Here’s how the world’s largest pharma companies are doing
The global pharmaceutical industry held up well during the pandemic, with 10 of the largest businesses only seeing a roughly –3% drop in revenue in 2020. Eight of the 10 even came out ahead. That’s one of the big takeaways from our sister publication Drug Discovery & Development’s inaugural Pharma 50, a compilation of data […]