# 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.

- Type: Investment
- Announced: 2020-02-15
- Where: Wuxi, Jiangsu, China
- Value: $720.0M
- Status: announced
- Products: high-end medical devices, cardiac intervention devices, nerve intervention devices, tumor intervention devices, cancer intervention devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Genesis MedTech](https://endata.com/companies/45413.md)

## Sources

- [govt.chinadaily.com.cn](https://govt.chinadaily.com.cn/s/202002/20/WS5e4df44d498ea01b9aea113a/720m-medical-project-signed-in-wuxi-via-video.html), 2020-02-20: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.