Lifestyle Scientific To Form Pacemaker Partnership With Medtronic, Inc. (MDT)
8/4/2014 8:26:22 AM
China’s Lifetech Scientific (HK: 1302) expanded its relationship with US medical device maker Medtronic (NYSE: MDT) by agreeing to develop a portfolio of pacemaker and cardiac lead products for the China market, using technology supplied by Medtronic (see story). Medtronic will have the option to partner with Lifetech on commercialization of the products. In 2012, Medtronic invested $76.1 million to acquire a 26.4% stake in Lifetech.
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