11.02.15
Irvine, Calif.-based BIT Group has established a comprehensive medical instrument outsourcing manufacturing operation in Shenzhen, China as a joint venture with Edan Instruments Inc. also based in Shenzhen. While BIT has operated an ISO9001 certified parts and modules manufacturing facility in China for several years, this new venture delivers increased capabilities, capacity and a focus in in vitro diagnostic (IVD) instrument contract manufacturing.
“The Chinese medical technology market is expected to grow at double digit rates in the coming years,” said Marius Balger, BIT CEO. “Our newest China facility will allow us to provide our clients with an outsourced CMS alternative to those which are not focused on the IVD business and lack experience with system development and system contract manufacturing.”
BIT specializes in contract product development, manufacturing and after-sales services for life science, medical and IVD instrumentation original equipment manufacturers (OEMs); Edan is an established company in the medical monitoring business. By joining forces, both partners remain focused on core competencies, while providing a dedicated IVD contract manufacturing solution for OEM’s seeking entry to the China market or for local OEM’s requiring a transnational company to bridge local domestic needs.
BIT’s global clients will benefit from the new ISO1385-certified facility through competitive product pricing as well as Chinese domestic supply of product, lower transport and import costs, and an expedited regulatory approvals process within the Chinese market. BIT will offer contract manufacturing IVD solutions from this new facility to its clients globally.
“The Chinese medical technology market is expected to grow at double digit rates in the coming years,” said Marius Balger, BIT CEO. “Our newest China facility will allow us to provide our clients with an outsourced CMS alternative to those which are not focused on the IVD business and lack experience with system development and system contract manufacturing.”
BIT specializes in contract product development, manufacturing and after-sales services for life science, medical and IVD instrumentation original equipment manufacturers (OEMs); Edan is an established company in the medical monitoring business. By joining forces, both partners remain focused on core competencies, while providing a dedicated IVD contract manufacturing solution for OEM’s seeking entry to the China market or for local OEM’s requiring a transnational company to bridge local domestic needs.
BIT’s global clients will benefit from the new ISO1385-certified facility through competitive product pricing as well as Chinese domestic supply of product, lower transport and import costs, and an expedited regulatory approvals process within the Chinese market. BIT will offer contract manufacturing IVD solutions from this new facility to its clients globally.