February 23, 2017 10:32 AM ET

Healthcare Equipment and Supplies

Company Overview of MicroPort Scientific Corporation

Company Overview

MicroPort Scientific Corporation, an investment holding company, develops, manufactures, and sells interventional medical devices worldwide. Its Orthopedics Devices segment offers reconstructive joints, spine, trauma, sports medicine, and other professional implants and equipment. The company’s Cardiovascular Devices segment provides coronary stents and related delivery systems; and dilatation catheters and accessories. Its Endovascular Devices segment provides a range of products and services for the interventional treatment of thoracic and abdominal aortic aneurysm, peripheral vascular diseases, aortic dissection, and other endovascular related diseases. The company’s Electrophysiological ...

1601 Zhangdong Road

Zhangjiang Hi-Tech Park

Shanghai,  201203

China

Founded in 1998

2,621 Employees

Phone:

86 21 3895 4600

Fax:

86 21 5080 1305

Key Executives for MicroPort Scientific Corporation

Founder, Chairman, Chief Executive Officer and Member of Remuneration Committee
Age: 53
Total Annual Compensation: $60.0K
Compensation as of Fiscal Year 2015.

MicroPort Scientific Corporation Key Developments

MicroPort Scientific Corporation Provides Earnings Guidance for the Year Ended December 31, 2016

MicroPort Scientific Corporation provided earnings guidance for the year ended December 31, 2016. For the year, the company expects to record a net profit of not less than USD 10 million as compared with a net loss of USD 11.38 million for the corresponding period in 2015. The expected increase in the unaudited net profit for the year ended December 31, 2016 is principally attributable to: a significant growth in revenue from the cardiovascular and endovascular segments in the PRC market, and in particular, a significant revenue growth of its third generation coronary stent product Firehawk Drug Eluting Stent; a substantial reduction of net loss of the OrthoRecon business due to the improvement in gross margin and the decrease in operating expenses through execution of cost saving initiatives; and increase in government grants and foreign exchange gain from its RMB-denominated debts of overseas subsidiaries resulting from the depreciation of RMB.

MicroPort Scientific Corporation - Shareholder/Analyst Call

To discuss strategic investment and partnership with Lombard

Lombard Medical, Inc. and MicroPort Scientific Corporation Announce Strategic Partnership

Lombard Medical, Inc. and MicroPort Scientific Corporation announced strategic partnership and significant infusion of capital into Lombard Medical by MicroPort. This partnership will allow Lombard Medical to accelerate commercialization in key global markets with its two key products: Aorfix™, the only stent graft to hold global approvals to treat abdominal aortic aneurysms with aortic neck angles up to 90 degrees, and Altura, a highly innovative stent graft that offers a simple and predictable treatment option for standard AAA anatomy. The agreement provides MicroPort the exclusive marketing rights for Lombard Medical’s Aorfix and Altura AAA stent graft product lines in China, as well as the right to a technology license to manufacture the products for the China market. Lombard Medical and MicroPort will also enter into component supply manufacturing agreement whereby MicroPort will manufacture in its facilities in Shanghai certain components for the Aorfix and Altura product lines. MicroPort will also have exclusive marketing rights for both Altura and Aorfix in Brazil.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 29, 2016
MinInvasive Ltd.
 

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