China’s Weigao Acquires Argon Medical Devices

BREAKING NEWS: AdvaMed and China’s MedTech Association To Cooperate and Promote Medical Device Innovation
October 4, 2017
Shanghai To Test Medical Device Registrant System
October 18, 2017

China’s Weigao Acquires Argon Medical Devices

Shandong Weigao Group

from China filed to pay US$850 million for Argon Medical Devices, to expand its product line in China as well as expanding its growth outside the country.

As a major Chinese maker of orthopedic and blood purification products, Weigao has been trying to expand its product portfolio and and uplift its revenue stream. The company is expecting significant market opportunities for Argon products in China. As far as the plan goes, the US-based Argon Medical makes devices for biopsy, vascular clot management and drainage.
China Med Device, LLC.

Specializing in providing turn-key solutions for medtech and IVD companies’ entry into China. We brings you up-to-date information on CFDA regulation and medical industry trends in China and related regions. We offer business consulting, regulatory, funding and growth services for your product or services. If you have any feedback or inquiry, please email us at info@ChinaMedDevice.com or visit us at www.ChinaMedDevice.com.