China Medical Technologies

China Medical Technologies Inc.
Public (Pink sheet:CMEDY)
Industry Medical technology
Founded Beijing, People's Republic of China
Headquarters Beijing, People's Republic of China
Key people
 Wu Xiaodong, Chairman and CEO
Products Medical devices
Revenue CNY 829.95 million Increase (FY 2008)
Number of employees
 843 (Aug 31, 2009)
Website www.chinameditech.com

China Medical Technologies, Inc. (NASDAQ:CMED) is a China-based medical device company that develops, manufactures and markets advanced in-vitro diagnostic ("IVD") products using enhanced chemiluminescence ("ECLIA") technology, fluorescent in-situ hybridization ("FISH") technology and surface plasmon resonance (“SPR”) technology to detect and monitor various diseases and disorders.[1]

In February 2012, the company's shares moved from the NASDAQ to the pink sheet in the United States.[2] The company is in default due to failure to pay interest to bondholders.[3]

Business

The ECLIA business, which consists of ECLIA analyzer and reagent kits, is an IVD system based on ECLIA technology. The reagent kits are used to detect various thyroid disorders, diabetes, hepatitis, Down syndrome, liver fibrosis, disorders related to reproduction and growth and various types of tumors.

The FISH business, which consists of FISH imaging analyzer and FISH probes, is a molecular diagnostic system based on FISH technology. FISH probes are molecular diagnostic reagents used with FISH imaging analyzer for the prenatal and postnatal diagnosis of various genetic diseases and for the early detection and prognosis of various cancers.

THE SPR business, which consists of SPR system and HPV-DNA chips, is a molecular diagnostic system based on SPR technology. The HPV-DNA chips are label-free DNA chips for the diagnosis of HPV infection and genotyping of HPV.

Bankruptcy

On 31 August 2012, the company filed for bankruptcy under Chapter 15 of the U.S. Bankruptcy code.[4]

References

  1. ↑ http://www.chinameditech.com/eng/about/profile.htm
  2. ↑ http://www.nasdaq.com/symbol/cmed
  3. ↑ http://www.chinascopefinancial.com/news/post/7492.html
  4. ↑ Milford, Phil (31 August 2012). "China Medical Technologies Files Chapter 15 Bankruptcy". Business Week. Retrieved March 8, 2013.

External links

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