IDS Medical, WeDoctor to distribute medical devices in China
IDS Medical Systems Group Ltd and We Doctor Holdings Ltd have signed an agreement to form idsMED WeDoctor China Ltd, creating China’s first smart medical supply chain solutions and procurement company. idsMED WeDoctor China Ltd and the government of Changting County in Fujian province have also signed a strategic cooperation agreement to drive the establishment of an innovative medical devices platform in Ting Zhou, China. The platform is designed to create new channels for medical devices and consumables to conduct technology transfers, license applications, company establishment, as well as investment and capital market coordination. The platform aims to support and attract both domestic and international medical device providers into Changting. The two parties, leveraging on their complementary strengths, innovative resources and networks, will seek to connect medical manufacturers and service providers with hospitals and care institutions in China to procure medical devices, consumables and services centrally.