NEWSpublisher 2007 :: AngloChinese Investments
SEARCH NEWS
date from:
date to:
company:
search for string:
NEWS SECTIONS
COMPANY GROUPS
TOP NEWS
» 23/07/2009 [Company watch]
China Aoxing Pharmaceutical Corp. Receives Renewal of GMP Certification for Capsule Dosage Form of Pharmaceutical Products
» 15/03/2010 [Industry news]
Recordati S.p.A And Lee Pharmaceutical Announce Partnership For Zanidip(R) In China
» 26/10/2009 [Finance]
China Growth to Remain Fast in Fourth Quarter, Official Says
» 17/08/2009 [Industry news]
Chindex Posts Profit on Product Sales, Health Services
» 07/05/2010 [Industry news]
Hong Kong: Recall of all products manufactured by Quality Pharmaceutical Lab Ltd
COMPANY NEWS back to previous page show list
»08/12/2009 [Industry news]
Milestone Scientific Forms China JV for Injection Devices

Milestone Scientific Inc. (MLSS.OB) has launched a JV with China National Medicines Corporation Ltd. and Yichang Humanwell Pharmaceutical Co. Ltd., which will seek to develop orthopedic and epidural drug delivery instruments. Milestone, based in New Jersey, makes painless and precise injection devices, primarily for dental and dermatological use.

 
Milestone Scientific Inc. (MLSS.OB) has launched a JV with China National Medicines Corporation Ltd. and Yichang Humanwell Pharmaceutical Co. Ltd., which will seek to develop orthopedic and epidural drug delivery instruments. Milestone, based in New Jersey, makes painless and precise injection devices, primarily for dental and dermatological use. So far, the three parties have signed an \"Agreement of Intent\" that the partners expect to result in an actual enterprise in Q1 of 2010. The JV’s two China partners will fund the entity with $1.4 million of capital, while Milestone will contribute its CompuFlo technology. The JV will adapt the technology to a new indication. Milestone will own 50% of the JV, while its China partners will split the remaining 50%. CompuFlo is a Computer Controlled Infusion Pump that uses pressure feedback to monitor and regulate the delivery of local anesthesia, medications and other fluids. Its Dynamic Pressure SensingA technology provides visual and audible in-tissue pressure feedback, identifying tissue types to the operator. When Milestone received 510(k) pre-notification acceptance from the FDA for CompuFlo, it planned to position the product in the market for epidural anesthesia, an indication that carries over to the JV. The JV also intends to use CompuFlo to alleviate arthritic joint pain by injecting anesthesia directly into the joint. China National Medicines Corporation, or Sinopharm, is China’s largest domestic manufacturer, distributor and marketer of pharmaceuticals and importer of medical devices. Yichang Humanwell Pharmaceutical Co. Ltd. manufactures anesthetic drugs.

AngloChinese Investments ltd.
Home | Company news | TOP 50 | Events | About us
C&F Bright Solutions ltd.