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China: JLABS launches in Shanghai

Johnson & Johnson Innovation has announced a collaboration with the Shanghai municipal government, Pudong New Area government, and Shanghai Pharma Engine Company to launch a new Johnson & Johnson Innovation, JLABS in Shanghai. The 4,400 square meter facility will be located in Shanghai's Zhangjiang Hi-Tech Park and will open in the second quarter of 2019.

JLABS @ Shanghai will be the first JLABS location established outside of North America and will accommodate up to 50 life science and healthcare startups, both single entrepreneurs and larger companies, focused on innovations across the entire healthcare spectrum, including pharmaceuticals, medical devices and consumer. JLABS @ Shanghai will provide resident innovators with a capital efficient and flexible platform including an extensive network that will enable them to accelerate the delivery of life-saving, life-enhancing health and wellness solutions to patients in China and around the world.

"We are excited about the launch of JLABS @ Shanghai, which will be an integral investment in the city's life science ecosystem. It will support entrepreneurship as it relates to science and technology and strengthen our position as a global innovation hub," said Liu Qin, deputy inspector general, science and technology commission, Shanghai municipal government.

Posted on: 08/12/2017 UTC+08:00


News

Janssen Korea and Johnson & Johnson yesterday launched the ‘Seoul Innovation QuickFire Challenge in Smart Healthcare’ in collaboration with the Seoul Metropolitan Government and the Korea Health Industry Development Institute.
Malaysia's Top Glove which provides medical gloves for use worldwide today announced it will open its first factory in Vietnam next year to help meet the growing demand for hygienic gloves.
Seoul-based digital beauty and healthcare company Carelabs has acquired 53% of Eunogo, an online beauty and wellness concierge start-up.
Medical tourism accounts for at least one-third of private hospitals’ revenue in Southeast Asian countries.
Singapore’s Ministry of Health and Urban Redevelopment Authority today announced plans to develop a new residential care community for people with dementia and called for tenders for its development.
Singapore-based Novena Global Lifecare, one of the world’s largest integrated medical healthcare and aesthetic companies has completed a $350 million merger with Xingkeduo.
Mumbai-based primary healthcare aggregator HealthAssure has raised $2.5 million in Series A funding led by early stage venture capital fund Blume Ventures.
One BioMed, a Singapore-based medical diagnostics company, has closed a $5 million Series A financing round, led by Singapore-based Biopath Ventures and US-based ARCH Venture Partners.



Analysis

Against the backdrop of a robust healthcare market with positive macro factors, speakers and delegates delved into the opportunities and challenges, and analysed the changing face of the region’s healthcare market
L.E.K. Consulting’s Fabio La Mola tells HealthInvestor Asia about a healthcare market going through major changes – creating significant opportunities for investors in the region.
Sumit Sharma and Matt Zafra, head and principal of health & life sciences, Asia Pacific at Oliver Wyman, look at what we can expect in 2019.
Edwin Tong, senior minister for health, explains how the Ministry of Health in Singapore is supporting the growth in the number of seniors with Alzheimer's.
Penny Wan, regional vice-president and general manager, Japan and APAC, Amgen, writes about the public health challenge of cardiovascular diseases.
French-based international ophthalmic optics company Essilor has signed Letters of Intent with the Royal Government of Bhutan and the Central Monastic Body to strengthen the country’s vision care infrastructure.
April Chang, country manager at Cigna Singapore, argues that wellness programmes at work can lead to reduced absenteeism, higher productivity and increased morale among employees.
Steven Fang understands how to set up a healthcare company. Not only is he chief executive and founder of ASX-listed oncology company Invitrocue, he was also the founder of Singapore-based Cordlife Group, a healthcare company which provides cord blood and cord lining banking services.


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