Israeli medical device company announces new joint venture with China
NewsPoints
By:
Ref: The Jerusalem Post
Published: 11/10/2020
Hospitech Respiration will partner with Chinese AwakeZone to produce the AnapnoGuard, a medical device that reduces complications in ventilated patients, as reported The Jerusalem Post.
The joint venture will establish the Hospitech AwakeZone Medical company, which will be a Chinese sales and manufacturing subsidiary and will open a manufacturing facility in China for the device that is currently in use in Israel, the US and China.
According to the news source, the device is used with ventilators and provides airway cut-off management and evacuation of subglottic secretions, minimising the risk of lung infection and injury to the trachea.
Hospitech Respiration CEO Yoav Venkert said that the "expansion is in response to the increasing demand we are seeing for our advanced airway management devices both in China and globally."
"The establishment of the Hospitech AwakeZone Medical joint venture will provide easier access to the Chinese healthcare system, ensuring Hospitech's AnapnoGuard device is used in hospitals across China," Venkert said.
"At the same time, this new joint venture will enable Hospitech Respiration in Israel to focus on further developing its existing advanced solutions while introducing new innovative products in the airway management field," Venkert added.