12-Mar-15 Pharmaceutical giant GSK has announced that it will use Singapore as a base to steer its growth in Asia, with the set-up of a new regional headquarters there. The new HQ will be “one of three co-global ‘control towers’ alongside the UK and US, with the full suite of capabilities and autonomy to make decisions in Asia, for Asia". [image: Reuters]

05-Mar-15 Thanks to the Korean President’s recent trip to the Middle East, four Korean pharma companies signed MOUs with Saudi firm Sudair Pharmaceutical, in deals worth about $182 million. Yonsei University Severance Hospital and Korea’s Green Cross Laboratories also signed deals with Saudi hospital operators. Korea has become one of the most popular medical tourism destinations for Middle Eastern countries. [image: Business Korea]

26-Feb-15 South Korean electronics giant Samsung has set up an R&D center in Turkey in cooperation with local tech firm Semper-Tech. The facility will conduct R&D on next-generation wireless technologies with a particular focus on healthcare and educational software. [image: Samsung]

26-Feb-15 The current growth of medical tourism is not stopping Southeast Asian hospitals from thinking about future business. Many are looking beyond their borders in the search of new sources of revenue. Bangkok Dusit Medical Services, Thailand's largest private hospital operator, recently opened its third institution in the only foreign country that it operates in, Cambodia. [image: Nikkei Asian Review]

26-Feb-15 Mexico is the fifth largest exporter of medical devices globally. The country has the advantage of proximity to the US and 20% lower manufacturing costs than other leading manufacturing nations. Since financial norms emphasize cost reduction for suppliers to OEMs in the medical device industry, Mexico is emerging as a striking choice for mid-sized companies. [image: U-T San Diego]