MicroPort

Source: Wikipedia, the free encyclopedia.
For the defunct software company, see Microport Systems.
MicroPort Inc.
Number of employees
9000 (2022)
Websitewww.microport.com

MicroPort is a

orthopedics, electrophysiology, and surgical management.[2] MicroPort is considered one of the global Medtech Big 100 and has been consistently known as the leading spender in research and development by percentage of revenue.[3][4]

History

MicroPort was founded in 1998 by Zhaohua Chang, who currently serves as CEO, chairman, and Director.

drug eluting stent system, which uses a significantly reduced amount of drug than traditional drug eluting stents while maintaining effectiveness.[9][10][11][12] As of early 2018, MicroPort is one of few medical device companies still developing a commercial coronary bioresorbable stent with ongoing clinical trials.[13][14][15]

Beginning in the 2010s, MicroPort has rapidly expanded around the world via international acquisitions to other medical device industries, including orthopedics and cardiac rhythm management.

US$398 Million investment in 2019 to develop pacemakers and defibrillators in France.[18]

In 2022, MicroPort established its US headquarters in Irvine, California with facilities that include a manufacturing base and innovation center.

US$6.5 Billion.[20]

Acquisitions

In 2014, MicroPort expanded operations in the United States by acquiring Wright Medical's OrthoRecon business to become the 6th largest international producer of orthopedic devices at the time.[21] MicroPort's orthopedic business is based in Arlington, Tennessee and in 2018 has expanded its business into India.[22]

In 2018, MicroPort and LivaNova closed the sale of LivaNova's cardiac rhythm management business for $190M.[17]

In 2018, MicroPort purchased Lombard Medical, a UK-based endovascular device company, from bankruptcy after it defaulted on loans in early 2018.[23]

In 2021, MicroPort purchased Hemovent GmbH, a German-based manufacturer of extracorporeal life support systems.[24]

References

  1. ^ a b c "MicroPort Annual Report 2019" (PDF). MicroPort.
  2. ^ "About Us". MicroPort. Archived from the original on 2019-05-11. Retrieved 2019-01-31.
  3. ^ "100 largest medtech companies". Becker's Healthcare. 8 September 2022.
  4. ^ "Medtech's top R&D spenders and the projects they launched". Medtech Design and Outsourcing. 28 February 2023.
  5. ^ "Zhaohua Chang Ph.D". MicroPort.
  6. ^ "Company Overview of Shanghai MicroPort Medical (Group) Co., Ltd". Bloomberg.
  7. ^ "Solution seeker: medical device developer provides international standards at lower price for Chinese patients". South China Morning Post. 10 September 2016.
  8. ^ "Global Cardiac Catheters Market Share 2018 Microport, Terumo, Cook and Lepu". Publicist Report.
  9. S2CID 52169067
    .
  10. S2CID 7244124
    .
  11. PMID 23506573
    .
  12. ^ "Round Table Expert - Firehawk Stent, proven fast healing from TARGET clinical program". EuroPCR.
  13. PMID 28894604
    .
  14. ^ Wendling, Patrice. "Boston Scientific Halts Bioabsorbable-Scaffold Program". Medscape. WebMD.
  15. ^ Fornell, Dave (8 September 2017). "Abbott Will End Sales of Absorb Bioresorbable Stent". Diagnostic and Interventional Cardiology. Scranton Gillette Communications.
  16. ^ "Surprising MicroPort Orthopedics". Orthopedics This Week.
  17. ^ a b "LivaNova closes $190 CRM sale to MicroPort". Mass Device. 30 April 2018.
  18. ^ "French leader promotes foreign investment at Versailles". Washington Post. Archived from the original on 2019-01-24.
  19. ^ "Real estate news: Chinese medical device maker plants U.S. HQ in Irvine". Orange County Register. 7 January 2022.
  20. ^ Kemp, Audrey (17 January 2022). "MicroPort Adds to Irvine Ops With New Exec Hire". Orange County Business Journal.
  21. ^ "MicroPort Scientific establishes MicroPort Orthopedics through the acquisition of Wright Medical's OrthoRecon business". Cision PR Newswire (Press release).
  22. ^ "MicroPort forays into orthopaedic implants". The Hans India. 24 February 2018.
  23. ^ "Lombard Medical Operations Acquired by MicroPort Scientific Corporation in a Restructuring Transaction". PR Newswire Association (Press release).
  24. ^ "ECLS Company Hemovent has been Acquired by MicroPort and Receives Investments in Expansion of German Operations". Business Wire (Press release). 4 October 2021.
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