3M China Expands Shanghai Plants To Increase Medical-Device Presence
3M company's Chinese unit, 3M China, opened a pair of facilities in China aimed at giving it a local supply chain for the medical devices it hopes to sell in the growing Chinese market. 3M China says it is investing $102.5 million in changing over the two plants in Shanghai. Its Asia Pacific Production Facility for Medical Devices plant, already 3M's largest in the Asia-Pacific region, is being expanded. 3M expects the plant to produce 40 percent for sale in China, the rest exported to other countries in Asia. (Click here for more
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Pipeline Watch is a weekly snapshot of selected late-stage clinical trial events and approvals announced by pharmaceutical and biotech companies at medical and industry conferences, in financial and company presentations, and in company releases and statements.