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Enables the commercialization of Robocath’s R-One platform in China.
November 2, 2020
By: Charlie Sternberg
Associate Editor
Robocath, a company that designs, develops and commercializes cardiovascular robotic systems for the treatment of vascular diseases, has created a joint venture with MicroPort Scientific Corporation through its MicroPort MedBot Co. Ltd subsidiary. This strategic partnership will enable the commercialization in China of Robocath’s first robotic-assisted platform, R-One. Both companies will also carry out research and development activities as agreed per the terms of the investment announced in April 2020. Robocath will hold 49% of this joint venture, 51% will be owned by MedBot. The testing, clinical and regulatory activities required to receive National Medical Products Administration (NMPA) approval for R-One will begin immediately. Both companies will also carry out research and development activities related to the next long-distance generation of remote control over 5G network technologies and will develop artificial intelligence algorithms to be used with robotic-assisted platforms. “We are excited to take this new step in our development which will permit us to rapidly penetrate the sector’s leading market,” commented Philippe Bencteux, chairman and founder of Robocath. “We are impressed with the resources made available by our partner to fast-track the approval of our product in China.” “Since the announcement of our strategic partnership last April, we have strengthened our discussions with all of the Robocath team in order to establish this common structure which will undoubtedly ensure the commercial success of the R-One robotic-assisted platform in the Chinese market,” said Dr. Alex He, general manager of MedBot. “We are looking forward to starting this collaboration. Together, we share the conviction that the future of interventional medicine is based on robotics and artificial intelligence. Over the next few years, this strategic partnership will enable us to accelerate our commercial deployment and strengthen our technological know-how to make Robocath a major global player in the field of vascular robotics,” added Lucien Goffart, CEO of Robocath.
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