Israeli Health Minister Yakov Litzman Leads Delegation to China Seeking Medical Industry Collaboration

(Third from left) Israeli Minister of Health Yakov Litzman

(Second from left) Wang Xiaojun, General Manager of Health Intelligence Valley

(Left) Jin Bi, Deputy General Manager of Health Intelligence Valley

(Third from right) Joseph Mendlovic, Chief Assistant to the Director-General of the Israeli Ministry of Health

(Right 2) Hagai Dror, Executive Director of the Health Cooperation Delegation

(Right) Yang Xiaoxuan, Commercial Officer of the Israeli Embassy

VCBeat News,In 2017, marking the 25th anniversary of the establishment of diplomatic relations between China and Israel, Israeli Prime Minister Benjamin Netanyahu led a senior Israeli medical delegation to visit China on March 21.Given Health Intelligence Valley’s focus and leadership in innovation within China’s healthcare industry, it served as the primary host for the senior medical delegation accompanying the Israeli Prime Minister, at the invitation of the Embassy of Israel in China.

Israeli Minister of Health Yakov Litzman and the CEOs of 22 leading Israeli healthcare innovation companies arrived at Beijing Health Valley at 2:00 p.m. on the 21st. They toured outstanding enterprises within the valley and attended the China-Israel Healthcare Business Matchmaking Conference.

IsraelHealth Minister Yakov Litzman delivered a speech on stage

It is reported that this “China-Israel Healthcare Enterprise Exchange Meeting”, byCo-hosted by the Embassy of Israel in China and Health Intelligence Valley, the conference featured participation from multiple Israeli frontier medical enterprises spanning key sectors such as medical devices, telemedicine, and smart hardware.

At the exchange event, Israeli entrepreneurs who traveled from afar shared and introduced their projects to the attendees. On the Chinese side, several companies, including Meinian Onehealth, also presented their current achievements and experiences.

Wang Xiaojun, General Manager of Health Intelligence Valley, delivered a welcome address on stage.

VCBeat has compiled information on some representative Israeli companies. The details are as follows:

1.Flight-Medical

Flight Medical is committed to providing a diverse range of high-end, multifunctional ventilators to meet growing market demand. Established in 1997, the company specializes in the development, manufacturing, and sales of respiratory life-support devices. With global ventilator sales surpassing 20,000 units, its products are utilized in hospitals, home care, long-term care, patient transport, subacute care, and disaster preparedness. Flight Medical proudly introduces the Flight 60, an advanced ventilator with unique features suitable for various clinical settings. Our vision is to deliver intensive-care-quality care anytime, anywhere.

2. Rainbow Medical

Diverse Business Units: Committed to Meeting Demands in the Mass Market.12Home business unit companies are dedicated to different fields, including hypertension, blindness, diabetes, and pain. The market potential for each company exceeds10hundred million U.S. dollars. Continuous innovation projects have sown new seeds,Rainbow MedicalNewly established every year1-2A new company.Rainbow Medicalwill also provide business units in the start-up phase with key opinion leaders (KOL), opportunities to engage with strategic partners and various talents.

Strategic Investment: Rainbow Medical has attracted numerous strategic investors, including Medtronic, Abbott, Sorin Group, Sony, Ping An Group, and ZTE Corporation.

3. Natali Healthcare Solutions

Natali is the largest private healthcare service provider in Israel, with over thirty years of extensive experience. Natali offers a wide range of services to its users, including smart caregiving and telemedicine services, emergency medical rescue services, nursing care, and health services for students.

Natali’s team is committed to continuously launching new services and solutions that address a variety of global challenges, such as population aging (through its premium, customized “Aging in Place” home care services), chronic diseases (via chronic disease management services), and the shortage of professional healthcare workers (through its “Hospital to Home” solutions), while also providing medical solutions for remote areas.

Natali’s service scope is also quite broad, covering individual self-pay clients, public administrative departments, private and public companies, insurance companies, and other institutions.

In 2014, Natali was acquired by Sanpower Group. Sanpower Group Co., Ltd. is a large-scale modern enterprise group characterized by informatization and centered on modern service industries, integrating five major sectors: financial investment, trade and circulation, information services, healthcare, and real estate development.

4. Gunagzhou Sino-Israel Bio-Investment Fund (GIBF)

GIBF is a fund dedicated to the life sciences sector. We partner with mature life sciences companies, providing financial support to facilitate the transfer of their intellectual property rights to China and the establishment of joint ventures within the country. This represents a highly effective business model. To date, we have completed our first investment, and we aim to have six companies operating in Guangzhou by 2017, conducting life sciences research and development on Bio Island.

5. Shekel Scales

Shekel Scales Ltd., established in 1977, is a global leader in the design and manufacture of electronic scales, advanced weighing systems, and force measurement applications. Since its inception, Shekel has steadily grown to become an influential innovation leader in the market. By seamlessly integrating cutting-edge software with core weighing engineering technologies, the company delivers highly creative solutions to meet diverse OEM weighing requirements. Shekel strictly implements quality control management to ensure its products meet the highest standards.

6. IVT Medical

IVT is a medical device company specializing in the research, design, and development of novel wound healing technologies. Our vision is to provide breakthrough, safe, effective, advanced, and affordable technologies that promote wound healing, contributing to the creation of a better and more humane world.

IVT Medical Co., Ltd.’s first product—the TopClosure® Tension Relief System (TRS)—is an innovative and ingenious technology applicable to the treatment of both simple and complex trauma in civilian, military, and mass-casualty incidents. Building on foundational basic science and extensive clinical experience, IVT Medical Co., Ltd. has developed Vcare a®, a cutting-edge, non-pharmacological wound healing device that utilizes Regulated Negative Pressure Therapy (RNPT) to facilitate the healing of complex and hard-to-heal wounds.

When used concurrently, TopClosure® and Vcare a® (CE- and FDA-cleared) introduce a novel paradigm in wound management that will fundamentally transform the understanding of wound healing, redefine standards for optimized wound repair, and hold global significance.

7. ElMinda

ElMindA has developed the Brain Network Activation (BNA) platform. The platform provides high-definition visualization and enables the assessment of complex neuropsychological systems in the human brain. It is specifically designed to collect information on brain composition, connectivity, synchrony, and brain network dynamics.

BNA monitoring of brain status and changes can be used to measure a range of indicators and support therapeutic interventions for diseases, including Alzheimer’s disease, Parkinson’s disease, concussion, attention-deficit/hyperactivity disorder (ADHD), pain, stroke, depression, and other symptoms related to the central nervous system. This technology facilitates the treatment of central nervous system–related disorders. ElMindA’s BNA technology is based on multi-channel, non-invasively acquired recordings, electroencephalographic (EEG) potential data, and comprehensive computational analysis of these recordings.

8. Sheba Hospital

Sheba Medical Center in Israel, located in Tel Hashomer, was established in 1948 and is one of the six tertiary referral hospitals in Israel. Sheba Medical Center is situated in Tel Hashomer, not far from Tel Aviv. The center integrates six major facilities: an acute care hospital, a children’s hospital, a women’s hospital, a rehabilitation hospital, a large medical research complex, and a medical school.

9.STI Lasers

STI Laser Industries is a medical device manufacturer dedicated to laser cutting, micromachining, and the processing of miniature metal components. The company specializes in the manufacturing and supply of implantable devices and surgical instruments for minimally invasive procedures, thereby providing a robust manufacturing platform for medical device companies engaged in prototyping and contract manufacturing services. The company is certified to the ISO 13485 standard.

As is well known, Israel suffers from a severe scarcity of natural resources, yet its technology sector contributes more than 90% to its economic output. Among foreign companies listed on the NASDAQ worldwide, Israel has the highest number, second only to the United States.

Although Israel has a population of only 8 million, it boasts the highest density of scientists in the world. For every 10,000 Israelis, 145 are scientists. Moreover, one in every three scientists is engaged in research in the field of life sciences.Israel, home to 14 Nobel laureates, is where immunologist Ruth Arnon co-developed the immune-system drug Copaxone, providing treatment for more than 250,000 multiple sclerosis patients worldwide.

"Undoubtedly, this is a powerhouse for incubating medical technologies."

Israel’s basic healthcare system is highly robust, with efficient and orderly management and operations, thereby effectively safeguarding and maintaining the health of its citizens.Leveraging cutting-edge medical technologies, Israeli healthcare companies have become prime targets for global investors, with China being no exception. In recent years, Chinese capital—ranging from publicly listed companies to unicorns—has been highly active in Israel.

In December 2014, Sanpower Group acquired Natali Seculife Holding Ltd., Israel’s largest home healthcare service provider, for $70 million, introducing its advanced business model and management expertise to China to enhance competitiveness in the elderly care sector.

In September 2016, iCarbonX announced the establishment of iCarbonX-Israel and the acquisition of Imagu Vision Technology Ltd., an Israeli company specializing in image understanding and artificial intelligence. Concurrently, it announced the founding of the iCarbonX Israel Artificial Intelligence R&D Center.

In February 2017, the Israeli medical device company InovyTec announced that China’s Yongsheng Medical Holdings Co., Ltd. had invested $3 million to acquire a 15% equity stake in the company. InovyTec is dedicated to developing portable, non-invasive medical devices for emergency care outside hospital settings, enabling even untrained individuals to provide emergency care to patients.

In March 2017, BOE announced that it planned to subscribe for 11.6931 million newly issued shares of the Israeli company Cnoga at $4.276 per share, with a total investment of $50 million, thereby acquiring approximately 23.81% equity stake in the company. The two parties will collaborate to launch two portable multi-parameter professional medical devices and have recently signed a conditional subscription agreement.

Health Intelligence Valley is China’s first industrial park brand themed around “Big Health.” Leveraging Tianyi Group’s strong capital strength as a leading enterprise and industrial investor in the healthcare sector, along with Meinian Onehealth Healthcare Group’s extensive customer base, health big data, and offline medical service platforms, Health Intelligence Valley has built an integrated “professional healthcare industry ecosystem” that combines health industry clustering, incubation, investment, health management, and service platforms.

The Israeli Project Team Visits Health Intelligence Valley

VCBeat has learned that at this China-Israel corporate exchange event, Health Intelligence Valley continued to serve as a matchmaking platform, with the distinction that, unlike usual, it facilitated connections between medical enterprise representatives from one country and those from another. It is believed that, through the sustained efforts of healthcare industry matchmaking platforms like Health Intelligence Valley, more Chinese capital will enter the Israeli market, while Chinese healthcare companies will gain increased opportunities for learning and exchange.