Medical Supplies Archives

Chinese Residents Flock to Health Apps in Bid to Obtain COVID-19 Meds

Recent weeks have seen soaring COVID-19 cases across China, pushing many people to various domestic health platforms in an attempt to purchase coveted antiviral medication and fever-reduction pills.

Pfizer’s COVID Pill Paxlovid Price Soars Amid Skyrocketing Demand and Supply Shortages

Due to the rapid increase of COVID-19 infection cases in China, the demand for Pfizer's pill Paxlovid has also greatly increased. As the drug is being hyped by drug scalpers, the price of Paxlovid on third-party channels has climbed to tens of thousands of yuan, which is nearly six times more expensive than the normal price of 2,000 yuan ($287).

Demand for Oximeters Surges in China as Firms Expand Production Capacity

As the Omicron coronavirus variant spreads across China, the risk of silent hypoxia to the elderly population has received significant attention. As an effective means to monitor blood oxygen level and prevent critical illness, oximeters are now selling rapidly.

Tencent Launches Pandemic Supplies Platform in China as COVID Cases Soar

With the recent lifting of pandemic control policies in China, the number of infections has risen sharply. Chinese internet giant Tencent launched a "COVID-19 Pills Mutual Help Public Welfare Platform."

Chinese COVID Pill Azvudine to Open for Online Sales

On the evening of December 13, Fosun Pharma, the exclusive commercial partner of Chinese COVID-19 oral drug Azvudine, confirmed that the pills can soon be prescribed through online medical platforms.

China Faces Lack of Antigen Test Kits and COVID Medicine After Lifting Restrictions

With the recent relaxation of the Chinese government's zero COVID policy, drugs for flu symptoms and fever such as Ibuprofen and Lianhua Qingwen, antigen test kits and vitamin C tablets are out of stock in pharmacies and e-commerce platforms.

Digital CRO Ashermed Completes Round-B Financing

Ashermed, a digital clinical research organization (CRO) focusing on the post-launch services market for innovative medical equipment, announced the completion of round-B financing of over $14.86 million.

Agile Robots Completes $30M Investment Round

Intelligent robotics developer Agile Robots has recently completed a financing round totaling $30 million led by Foxconn Industrial Internet.

Chinese Intelligent Robot Company Fourier Intelligence Completes Series D Round Worth $63 Million

Fourier Intelligence, a Chinese smart rehab startup known for its robotic exoskeletons, recently received 400 million yuan ($63.27 million) in series D financing.

JancsiTech Completes Financing Deal with Sequoia China

Medical device maker JancsiTech announced the completion of its most recent round of financing. This round was led by Sequoia China Seed Fund.

Changmugu Medical Receives $84.3 Million in Series B Financing, Jointly Led by CICC Capital, IDG Capital and CDH VGC

Beijing Changmugu Medical Technology, a provider of integrated solutions for orthopedic intelligent surgery, announced that it had recently completed a Series B round of financing in which it secured 540 million yuan ($84.3 million).

Landing Medical Completes D Round of Financing Worth $50 Million Led by Alibaba Health

This round of finaning was led by Alibaba Health and followed by Ether Capital. China Renaissance acted as the exclusive financial adviser to the deal.

Edge Medical Robotics Completes C-Round Financing Exceeding $200 Million From Boyu Capital and Others

Its lead investor in this round is Boyu Capital, while co-leading investors are Temasek and Sequoia China. Existing investors such as 3H Health Investment, LYFE Capital and Guoce Capital also participated in this round.

MagAssist Secures Nearly $78 Million in C Round Financing

Chinese medical technology firm magAssist has completed a C round of financing worth nearly 500 million yuan ($78 million), led by Sequoia China, followed by CDH Innovation and Growth Fund and Cenova Capital.

Huawei Officially Approved to Produce Medical Devices

On October 8th, Guangdong Provincial Food and Drug Administration announced that Huawei's "single-guide ECG blood pressure wrist device" was officially approved for production.

Inflatable COVID-19 Testing Labs Put into Use in Guangzhou Following Surge in New Cases

To increase Guangzhou's capacity to administer nucleic acid tests, which are used to screen those suspected of being infected with COVID-19, four groups of inflatable COVID-19 testing labs are being put into use in the vast metropolis in the Chinese province of Guangdong.

China VC Weekly: Logistics, Robots and Surgical Instruments

In last week’s VC news across China, logistics upstart YQNLink bags a whopping $100 million in its latest round, Hong Kong-based investment firm Gaw Capital Partners closes a further $430 million in funds, robotics startup MegaRobo closes a hefty $65 million investment round while Suzhou’s IntoCare Medical rakes in more than $15 million in its Series D fundraising round.