Shanghai Mayor Gong Zheng Meets Medtronic CEO Geoff Martha to Strengthen Local Healthcare Innovation and Investment

Shanghai Release Official Weibo News: Gong Zheng, Mayor of Shanghai, met with Jeff Martha, Global Chairman and CEO of U.S.-based Medtronic, and his entourage today (March 25).

Deepen and perfect the layout of the entire industry chain in Shanghai, place more high-quality resources, major projects, and functional sectors in Shanghai, expand the scale of businesses such as R&D, production, and training, actively support the innovative development of local enterprises, and promote the localization of R&D and production for more medical technology products.

Gong Zheng said that Shanghai is currently focusing on the construction of the "five centers" as its main direction and important mission, accelerating the building of a socialist modern international metropolis with global influence. Biomedicine is one of the three leading industries that Shanghai is prioritizing, and we will continue to enhance the innovation-driven capabilities of the biomedicine industry, expand pilot programs for opening up in the medical field, and expedite the creation of a globally influential biomedicine industry innovation hub. We hope Medtronic will continue to deepen and refine its full industrial chain layout in Shanghai, bring more high-quality resources, major projects, and functional sectors to the city, expand the scale of R&D, production, training, and other operations, actively support the innovative development of local enterprises, and promote the localization of R&D and production of more medical technology products. Shanghai is continuously working to create a first-class business environment that is market-oriented, law-based, and internationalized, and we welcome companies to offer suggestions for improving Shanghai's business environment.

Continuously increase investment, introduce more high-level and high-tech products to Shanghai, benefit more local patients, continuously expand the layout of medical technology products in China, empower the innovation ecosystem of Shanghai's healthcare industry, and help the innovative achievements of local companies benefit the global medical industry.

Jeff Massa 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 an important 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.