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Boston Scientific Launches Integrated Facility In India To Develop Minimally Invasive Technologies

Boston Scientific has officially opened a 100,000 sq. ft. research and development, training and commercial center that will enable it to develop and sell minimally invasive technologies fit for India and the greater Asian market, and train physicians in using them effectively.

The state-of-the-art Institute for Advancing Science (IAS), a physician training facility equipped with world-class simulators for hands-on training on innovative technologies, is the newest addition to the growing global network of Boston Scientific IAS facilities.

The new facility marks a strategic investment by Boston Scientific. The Research and Development (R&D) Center will focus on creating market-appropriate products based on unmet clinical needs in emerging markets, and will also serve as a global product engineering center.

As a key country in the company’s emerging market strategy, India’s improving economic conditions and healthcare access show potential for the growth of the local  healthcare industry and need for medical devices.

By establishing a consolidated presence in the region, Boston Scientific will extend its reach in India, offering solutions to physicians and patients combatting conditions in areas such as cardiovascular disease, cardiac arrhythmias, gastrointestinal and urologic disorders, and chronic pain.

The launch was attended by Faggan Singh Kulaste, minister of state for health and family welfare, Capt. Abhimanyu, finance minister, government of Haryana, and John M. McCaslin, minister counselor for commercial affairs, United States Embassy, New Delhi.

Health minister Kulaste said, “The need for innovation in medical technology is a high priority in many countries worldwide, and the government will support all efforts in research and innovation so that affordable and quality care is accessible to more and more patients in India.”

“India is an important market and it holds great potential for the global medical devices industry,” said Prabal Chakraborty, vice president and managing director for Boston Scientific in India. “The Indian ecosystem has all the right ingredients for innovation, namely a best-in-class technical talent pool in the areas of STEM (Science, Technology, Engineering and Math), world-renowned physicians who bring an understanding of clinical unmet needs, and top-notch academic institutions.

Boston Scientific has been operating in India since 2003, transforming lives through innovative medical solutions that improve the health of patients around the world. As a global medical technology leader for more than 35 years, we advance science for life by providing a broad range of high performance solutions that address unmet patient needs and reduce the cost of healthcare.

(Ref: http://www.pharmabiz.com/NewsDetails.aspx?aid=96268&sid=2).

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