News from Taiwan: Cowealth expects large market potential in China for cyberknife

from the IV MB, post by yyy60:

>>News from Taiwan: Cowealth expects large market potential in China for cyberknife

** translated from Chinese **

Cowealth Medical lists in the Emerging Stock Market in Taiwan

Central News Agency 2009/05/21 19:03


(Central News Agency, Taipei May 21, 2009) Cowealth Medical (4745), the leading supplier of cutting-edge medical instruments in Mainland China, will start trading in the Emerging Stock Market tomorrow.

Ms Wang, Chairman of Cowealth, explained the two main business, Cyberknife and the hospitals clinic trials supplies logistics management. The Cyberknife is very advanced tool, a painless, no bleeding, no anesthesia, and does not affect the characteristics of daily life.

Ms Wang pointed out that .... There are 164 cyberknifes installed worldwide. Although only five cyberknifes have been installed in Mainland, China have a very good future growth potential.

However, purchae of cyberknife is subject to the approval of the local government, so in short-term, company's business growth will be transferred to other projects.

Mr Hop-Fu Li, chief executive Cowealth said that there are 5 cyberknife centers in Taiwan. Due to China's huge population, he expected a market of 200 cyberknife.

Mr Li pointed out that a cybeknife costs 5-6 million U.S. dollars, plus a higher price peripherals. However, patients without anesthesia, lying in their own beds, a little sleep on the completion of surgery, the effect is very good; there are 40,000 people for this operation.