Shanghai Mayor Gong Zheng Meets Medtronic Chairman and CEO Geoff Martha to Strengthen Biomedical Innovation Partnership

Shanghai Mayor Gong Zheng met with Jeff Marasa, Global Chairman and CEO of U.S.-based Medtronic, and his entourage today (March 25).

Deepen and perfect the layout of the entire industrial chain in Shanghai, place more high-quality resources, major projects, and functional sectors in Shanghai, expand the scale of research and development, production, training, and other operations, actively support the innovative development of local enterprises, and promote the localization of research and development and production of more medical technology products.

Gong Zheng said that Shanghai is currently accelerating the construction of "five centers" as its main direction and important mission, aiming to build a socialist modern international metropolis with global influence. Biomedicine is one of the three leading industries that Shanghai focuses on developing. We will continue to enhance the innovation-driven capabilities of the biomedicine industry, expand the opening-up pilot programs in the medical field, and accelerate the establishment of a globally influential biomedicine industry innovation hub. We hope Medtronic will further deepen and improve its full industrial chain layout in Shanghai, bring more high-quality resources, major projects, and functional sectors to Shanghai, and expand the scale of R&D, production, and training operations. Actively assist local companies in innovative development and promote the localization of R&D and production for more medical technology products. Shanghai is continuously working to create a first-class business environment that is market-oriented, law-based, and internationalized. Companies are welcome to provide suggestions for optimizing Shanghai’s business environment.

Continuously increase investment, introduce more high-level and high-tech products to Shanghai, benefiting more local patients.Continuously expanding the layout of medical technology products in China, empowering the construction of Shanghai's healthcare innovation ecosystem, and helping innovative achievements of local companies benefit the global medical industry.

Jeff Mathews said, "Shanghai is our 'home ground' in China. We have witnessed the speed of innovation in China, the excellent innovation ecosystem, and high-quality innovative outcomes, and we firmly chose Shanghai as a significant source of innovation. We will continue to increase our investment, introduce more high-level, high-tech products to Shanghai, benefiting more local patients. At the same time, we will continuously expand the layout of our medical technology products in China, empower the construction of Shanghai's healthcare innovation ecosystem, and help the innovative achievements of local companies benefit the global medical industry."

Medtronic is a global leading medical technology enterprise. The company has established a series of branches in Shanghai, including the Greater China headquarters, China R&D Center, and Medical Innovation Center, with cumulative investments exceeding 7 billion US dollars.

Photography: Zhang Chunhai

Editor: Wu Weijia