Medtronic Opens Chinese Innovation Center (Orthopedics This Week)
Medtronic, Inc. has officially opened an Innovation Center in Shanghai, China.
In an August 27 announcement, the company said the new facility, located in the company’s China headquarters and the first outside the U.S. and Europe, "represents the company's initial step in creating local product research and development in China." The Center will work closely with Medtronic's global research and development teams, as well as local universities and research institutions.
More importantly, said Medtronic Chairman and CEO Omar Ishrak, the Center will allow the company to partner with Chinese physicians to create innovative solutions for patients. "It allows us a unique opportunity to leverage local talent and expertise to increase our growth in China and link it to our larger global capabilities," said Ishrak.
Medtronic Greater China is headquartered in Shanghai and has business operations at mainland, Hong Kong and Taiwan offices. Medtronic opened its first office and built a pacemaker assembly line at Shanghai Zhangjiang High Tech Park in 1996. In 2008, Medtronic made a 15% equity investment in Weigao Group, a local le...
