03-Feb-17 The Korean government will invest KRW315.7 bn (USD276 mn) to secure original technologies for bio sectors such as new drugs, medical devices, future medical care, genomics and brain science in 2017. This includes KRW263 bn for bio-medical technology development projects. This year's budget is 31% more than last year’s. [image: Business Korea]

02-Feb-17 While the healthcare sector claims to be 'satisfied' with the move to formulate new rules regarding medical devices, industry still seeks more clarity. The rules are proposed to be internationally harmonised to attract investments, and thereby reduce costs of devices. [image: Deccan Herald]

26-Jan-17 Verily, the Alphabet subsidiary formerly known as Google Life Sciences, has raised USD800 mn in funding from Temasek, the Singapore government investment company. "Proceeds may be used to support our growth in key strategic areas, including potential acquisitions, investment in partnerships and developing new opportunities on a global scale," according to a spokesperson for Verily. [image: Verily]

20-Jan-17 India's medical technology sector can make great contributions in terms of economic growth, job creation and enhanced innovation. The ‘Make in India’ campaign is a major boon to the medical technology industry, as currently 70% of medical equipment is imported. India should learn from China, where much higher reimbursement is allotted to locally produced medical devices and equipment. [image: Business Standard]

19-Jan-17 Researchers at Osaka University are aiming to take the institution's regenerative medicine and medical equipment to the world. The university's Global Center for Medical Engineering and Informatics is teaming up with Asian countries where there is insufficient equipment. The center has produced a prototype of a small laparoscopy system that can be operated with one hand. [image: Osaka University]