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New VC fund for India's pharma industry

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28-Jun-15 As part of the Make in India strategy, India's government plans to set up a INR5 bn (USD79 mn) fund to boost the domestic pharma industry and provide cheaper loans for manufacturing. It is also considering single window clearance for drug approvals, to help rejuvenate the local pharma sector and make medicines more affordable. [image: ET Healthworld]

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Taiwan promotes medtech cooperation with foreign corporations

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18-Jun-15 Taiwan is ideally positioned to forge partnerships with the world’s top medtech corporations, said Walter M.S. Yeh of the Taiwan External Trade Development Council at the recent Taiwan Health Technology Cooperation Forum. “Although Taiwan’s medical brands have yet to be well established, we nevertheless provide a large portion of the world’s medical equipment,” he said. [image: Taiwan News]

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Alibaba tightens grip on Chinese healthcare via Wandong investment

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08-Jun-15 Alibaba Group’s Jack Ma is reported to have tightened his grip on China’s healthcare sector. Mr Ma is said to have capitalized nearly USD142 million in China Resources Wandong Medical Equipment, which manufactures x-ray and MRI equipment for the domestic market as well as 70 export destinations. [image: Business Finance News]

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Korean medical equipment makers putting up good show abroad

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20-May-15 Korean medical equipment makers have been increasing their exports, though growth has slowed due to exchange rates. Samsung Medison sold USD260 million in 2014, 14% growth over 2013; Vatech, a dental imaging player, raised its global market share to 10%, ranking fifth; and dental implant maker Ostem is now the largest implant manufacturer in China. [image: Business Korea]

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ASEAN imposes tighter medicine and pharmaceutical management

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19-Mar-15 An ASEAN mutual recognition arrangement on good manufacturing practices (GMP) inspection for manufacturers of medicinal products had been deemed a priority initiative. An agreement on monitoring the quality of pharmaceutical products is expected to be approved and signed by the ASEAN countries in tandem with the creation of the ASEAN Economic Community in 2015. [image: Gunawan Kartapranata]

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