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MicroPort of Shanghai Forms Medical Device JV with Italy’s Sorin

publication date: Jan 10, 2014
MicroPort Scientific, a Shanghai medical device maker, announced it will form a $20 million JV with Italy’s Sorin Group to provide cardiac rhythm management devices in China. The JV will market Sorin’s CRM products in China and also develop China-made CRM products. MicroPort will invest $10.2 million for 51% of the JV and Sorin will add $9.8 million for the remaining 49%. More details....

Stock Symbols: (HK: 00853) (MIL: SRN)

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