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Microtech Medical Stages $233 Million Hong Kong IPO for Diabetes Devices

publication date: Oct 19, 2021

Hangzhou Microtech Medical staged a $233 million IPO on the Hong Kong Exchange to support its portfolio of diabetes care products. The company has developed products that include a closed loop artificial pancreas, a second-gen patch insulin pump system, continuous glyclose monitoring and IVD devices. With its R&D, manufacturing and commercialization capabilities, Microtech aims to provide a whole-process platform of diabetes products that address monitoring, treatment and chronic disease management. The IPO priced the company at a market capitalization of $1.7 billion. More details....

Stock Symbol: (HK: 2236)

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