Genesis MedTech signs $720M medical device project in Wuxi

Genesis MedTech signed a $720 million investment agreement to build a research, development, and production center for high-end medical devices in Wuxi's Binhu district, China.

“After it begins operating, the company will produce highly-valued medical devices and consumables relating to cardiac intervention, nerve intervention, tumor intervention, and cancer intervention, aiming to replace imported products with domestically-made medical devices”govt.chinadaily.com.cn

• 1 source
• govt.chinadaily.com.cn$720m medical project signed in Wuxi via video | govt.chinadaily.com.cn童思九Feb 20, 2020

Summarized from public sources; check the original articles before acting on it.