MicroPort Scientific invests SGD 6 million in NDR Medical and forms joint venture

MicroPort Scientific led a strategic investment of SGD 8 million in NDR Medical, committing SGD 6 million for about 20.9% equity, and established a joint venture with NDR and Shanghai Youlong to commercialize puncture navigation robotic systems in Greater China.

“MicroPort (00853.HK) announced that on May 6, 2020, the company entered into a formal agreement with NDR Medical Technology Pte Ltd (NDR) to lead a strategic investment of SGD 8 million in NDR.”vcbeathealth.com

• 2 sources
• vcbeathealth.comMicroPort Scientific Announces Strategic Investment in NDR Medical and Joint Venture to Commercialize Puncture Navigation Robotic Systems in Greater China-VCBeatMay 6, 2020
• beta.zhitongcaijing.com微创医疗(00853)战略性投资及成立经皮肾结石移除及经皮肺活检手术机器人合营企业May 6, 2020

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