Covidien Opens US$45m R&D Facility In Shanghai, China

Healthcare products provider Covidien announced last week the official opening of its China Technology Center (CTC) Research and Development (R&D) facility in Shanghai.

AsianScientist (Aug. 6, 2012) – Healthcare products provider Covidien announced last week the official opening of its China Technology Center (CTC) Research and Development (R&D) facility in Shanghai.

“China is a key market in our global strategy, and this investment is a reflection of our strategic initiatives,” said José E. Almeida, Chairman, President and CEO of Covidien, at the opening event.

With a total investment of US$45 million over a three year period, the CTC will eventually employ more than 300 people.

The 100,000 square-feet facility will house 17 laboratories with surgical and simulation suites for healthcare professionals to be actively involved in the medical device design and development process.

The CTC has two core focus areas: the first being the design of tailored products to meet the needs of China and other emerging markets; and the second being the discovery of breakthrough platforms in medical technology.

“We are dedicated to improving patient outcomes, and we recognize the immense potential of basing an R&D facility in Shanghai. This location will help us tap into internationally renowned experts based here in China, including world-class engineering talent,” said Dong Wu, Vice President, China R&D, Covidien.

Covidien’s other operations in China include ten commercial offices, a manufacturing center, and training facilities for healthcare professionals, such as the Covidien Clinical Institute (CCI).

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Source: Covidien.
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