Neurotech Firm Secures Over RMB 100 Million in Series B Funding; 228 Township Hospitals to Upgrade Medical Equipment

1. Xu Jinghe Conducts Research on the Innovative Development of the Medical Device Industry and the Pilot Program for Real-World Data Application in Hainan

During this period, he attended the 2nd Boao International Conference on Real-World Data Studies of Pharmaceuticals and Medical Devices, and visited Hainan Hospital of Ruijin Hospital, Shanghai Jiao Tong University School of Medicine, and the Lecheng Pilot Zone to understand the progress of Hainan Province's pilot program on the application of real-world clinical data. Xu Jinghe stated that carrying out the pilot program on the application of real-world clinical data in Hainan is an important measure by the National Medical Products Administration (NMPA) to serve the national major regional strategy and support the advancement of the Hainan Free Trade Port. This should be taken as an opportunity to deepen innovation in pharmaceuticals and medical device regulatory systems, steadily promote the research and application of real-world data for pharmaceuticals and medical devices, better assist in the reform of the pharmaceuticals and medical devices review and approval system, and ensure the safety, efficacy, and accessibility of medicines and medical devices for the people. (National Medical Products Administration)

2. Hunan Provincial Health Commission Issues the Notice on Promoting the "Five-in-One Integration" of Close-Knit County Medical Communities

On November 2, the Health Commission of Hunan Province issued the "Notice on Promoting the 'Five Integrated' Work of Close-knit County Medical Communities." The Notice proposes to use close-knit county medical communities as a vehicle to promote the integration of emergency networks, personnel management, drug management, information platforms, and management evaluations. It aims to enhance capabilities, stimulate vitality, and optimize services, enabling the public to have access to fairer, more accessible, and continuously systematic health services nearby. The Notice specifies that the leading role of county-level hospitals should be fully utilized to implement the "six unifications" management: unified operation of institutions, unified personnel management, unified funding arrangements, unified telephone reception, unified vehicle dispatching, and unified station management. This will shorten emergency response times and ensure that critically ill patients receive timely and effective transfer and treatment. (Health News)

3. Brain Science Device Company Completes Over 100 Million Financing

Recently, Danyang Huichuang Medical Equipment Co., Ltd. has completed a B-round financing of over 100 million yuan, led by Zhongke Haichuang, followed by Yida Capital. Existing shareholders Qingyuan Investment and Daoyuan Capital continue to support the company. This round of financing will mainly be used to further promote the construction of the company’s near-infrared (fNIRS) brain function imaging products as the leading brand in China, as well as clinical trials for transcranial optical modulation therapy for degenerative diseases. Changhai Capital continues to serve as the exclusive financial advisor for the company's financing. In today’s era of accelerated and in-depth exploration of brain research, brain function detection equipment has become a key cornerstone for the development of the discipline. fNIRS brain function imaging equipment is known as "a wearable functional MRI" and has gained rapidly increasing attention in scientific research and clinical applications in recent years due to its advantages of being non-invasive, portable, and accurate. (Sunland Capital)

4. Ministry of Finance Notice: 228 Township Health Centers to Upgrade Medical Equipment

Recently, the Ministry of Finance released the "Notice of the Ministry of Finance and the National Health Commission on the Issuance of the 2023 Medical Services and Capacity Improvement (Healthcare Institution Capacity Building) Subsidy Fund (Second Batch) Budget." This fund is mainly used to support 228 township health centers in western China that are far from county towns, serve larger populations, and have yet to improve their diagnostic conditions, by upgrading their medical equipment. On average, each will receive 2 million yuan in subsidy funds. The supported township health centers will be equipped with and upgrade medical devices such as CT (Computed Tomography), DR (Direct Digital Radiography), color Doppler ultrasound, fully automatic biochemical analyzers, defibrillators, ECG monitors, and cardiopulmonary resuscitation devices. (Cphi Medical Devices)

5. What is the medical device public service platform?

The Medical Device Public Service Platform is jointly developed by the Aosunda Group with various renowned government parks, medical institutions, and research academies. It focuses on incubating, transforming, and investing in cutting-edge and innovative global medical device technology projects. By establishing scientific research and transfer mechanisms aligned with international standards, and implementing an open and shared operational model, it attracts top-tier scientific researchers, doctors, and innovators from around the world to join. The platform provides comprehensive industrial technical services covering R&D transformation, incubation, and investment, nurturing innovative medical device achievements with significant innovation and application value. This effort strongly supports the development of the medical device industry and technological innovation. (Organized by Aosunda)

6, 13.9 Billion! Global Renowned Medical Device Raw Material Supplier Acquires Orthopedic Rising Star

Recently, AMETEK, a globally renowned manufacturer of electronic instruments and electromechanical devices, announced that it has reached a definitive agreement to acquire Paragon Medical, a leading supplier of highly engineered medical components and instruments, for approximately $1.9 billion (equivalent to 13.9 billion RMB) in an all-cash transaction from an affiliate of U.S. Securities LLC. Paragon Medical is well-known for its wide range of applications, including orthopedics, minimally invasive surgery, robotic surgery, and drug delivery, aligning closely with AMETEK's strategic expansion in the medical technology sector. (Innovation Network for Medical Devices)

7. New Electrode Design Improves Wearable ECG Patch

On October 31, 2023, a paper published in the journal *Applied Physics Reviews* introduced a new type of wearable ECG patch developed by researchers from Australia and India, which can be used to enhance bedside diagnostics. The researchers focused on how the design and materials of electrodes affect their performance. The new study demonstrated an effective prototype device that uses active dry electrodes for ECG signal transmission. The team investigated various geometries of dry electrodes and their different impacts on ECG sensing. After extensive experimentation, they created a compact, lightweight, gel-free hexagonal ECG patch, ideal for point-of-care diagnostics. They also integrated the configuration with wireless Bluetooth communication to enable remote sensing capabilities. The researchers stated that these portable ECG patches could bring fundamental changes to remote and outpatient healthcare and may even revolutionize preventive medicine. (The Paper)