A COMPANY in Bao’an has partnered with a German medical technology firm to jointly develop high-end medical equipment with an investment of 20 million yuan (US$2.89 million).

The signing of the deal between Baoxing Smart City Industry Fund, set up by Baoxing Yili Investment Development Co., and Chinabridge Medical Technology Co. Ltd., which was established by several medical technology experts with significant experience in Germany, was witnessed by officials in Bao’an District on Friday.

The deal was a big step in Bao’an-German industrial cooperation in high-end manufacturing.

The Bao’an company will invest 20 million yuan on the development and manufacture of biomedicine and top-notch medical equipment with the Shenzhen subsidiary of the German company. The cooperation aims to overcome the bottleneck in industrial development while enhancing the Shenzhen company’s innovation ability and international competitiveness.

The two parties have launched a project focused on emergency treatment named “LIFEMOTION” by combining the efforts of experts at the cardiac disease treatment centers and medical technology transfer centers of well-known German universities, such as University of Munich and University of Regensburg.

The project will customize a kind of portable emergency equipment for treating sudden cardiac arrest and acute circulatory failure. The equipment with independent intellectual property rights will be manufactured in Bao’an.

“It took only three months to reach an agreement with Chinabridge thanks to the support of the Bao’an District Government,” said Wu Huanxin, chairman of the board of the Shenzhen company.

Professor Christoph Gutenbrunner, a member of Royal College of Physicians in the United Kingdom and director of the medical rehabilitation center of Hannover Medical School, said the cooperation could hardly have been achieved without the Bao’an government. (Zhang Qian)