ITM and United Imaging Announce Strategic Partnership to Advance Oncology Imaging Markets in China and Globally

VCBeat (WeChat ID: vcbeat) has learned that on April 2, 2019, ITM Isotopen Technologien München AG (“ITM”) and United Imaging Healthcare Co., Ltd. (“United Imaging”) jointly announced the signing of a strategic cooperation agreement. The two parties will collaborate in areas including marketing, sales, imaging, and related products, working together to provide innovative products and high-quality services to customers in China and around the world.

ITM is a German enterprise comprising a series of specialized radiopharmaceutical companies, dedicated to the research, development, and independent production of novel radioisotopes, radiopharmaceuticals, and equipment, holding a leading position in the global market. United Imaging is a globally leading medical technology company committed to providing high-performance medical imaging and radiotherapy products, as well as healthcare informatization and intelligent solutions to customers worldwide.

The two parties have complementary product lines and extensive experience in the field of precision oncology imaging as well as in their shared target markets. Under the agreement, ITM will provide matched radiopharmaceutical solutions for United Imaging’s PET-CT systems in the Chinese market. Meanwhile, both parties will join forces to expand their global presence, including by providing joint on-site support teams to ensure timely product supply and deliver relevant customer training. Furthermore, the two sides will collaborate on the innovation and optimization of precision diagnostic and therapeutic imaging, covering all aspects such as radiopharmaceuticals, image processing, digital imaging, patient workflows, and patient management and support.

“We are very excited about this strategic partnership with United Imaging,” said Steffen Schuster, CEO of ITM. “With its years of experience in diagnostic and radiation therapy fields, United Imaging is undoubtedly a highly suitable partner to help us expand our business into China, a vibrant and significant market. We believe that through our in-depth collaboration, we will further expand the availability of our precision oncology radiological imaging products in both the Chinese and global markets.”

“The strengths and expertise of the two companies complement each other,” said Zhang Qiang, Co-President of United Imaging. “United Imaging has independently developed multiple world-leading devices in the imaging field, particularly in molecular imaging, and has established a broad base of customers and partners. Notably, the launch of our 2-meter total-body PET/CT system, the uEXPLORER, has drawn global attention. ITM has also built an extensive supply network across more than 250 sites in 46 countries worldwide. This strategic partnership aims to leverage the combined strengths of both parties to jointly expand their presence in the global oncology imaging market and serve a broader customer base.”