Updated on 9 August 2012
The center will eventually employ more than 300 people
Singapore: Covidien, a leading global provider of healthcare products, has opened its China Technology Center (CTC) Research and Development (R&D) facility in Shanghai. "Establishing this R&D facility in Shanghai reinforces Covidien's continued commitment to providing innovative new products that will help healthcare providers worldwide improve patient care and extend healthcare delivery to more people and more places," said Mr José E Almeida, chairman, president and CEO of Covidien, who attended the opening event. "China is a key market in our global strategy, and this investment is a reflection of our strategic initiatives."
With a total investment of $45 million over a three year period, the CTC will eventually employ more than 300 people. The facility spans more than 100,000 square-feet (9,290 square meters), houses 17 laboratories and has state-of-the-art surgical and simulation suites that enable healthcare professionals to be actively involved in the medical device design and development process.
The CTC has two core focus areas: design of tailored products to identify and develop products that are customized to meet the needs of China and other emerging markets and discovery of breakthrough platforms in medical technology to utilize the unique skill sets and expertise of employees in Asia to create and develop new medical device technologies.
The new Shanghai facility will provide a focal point for developing local Chinese talent and grooming the next generation of medical innovators for the industry.
"By collaborating closely with local medical experts who use our products, we can tailor devices to meet the demands of China and other Emerging Markets," said Mr Dong Wu, vice president, China R&D, Covidien. "We are dedicated to improving patient outcomes, and we recognize the immense potential of basing an R&D facility in Shanghai. This location will help us tap into internationally renowned experts based here in China, including world-class engineering talent. We believe this collaboration will drive innovation in China and across the Emerging Markets healthcare landscape."