Healthcare industry booming in Chongchuan
Jiangsu NowYon Medical Instrument Co Ltd in the Chongchuan Economic Development Zone in Nantong, East China's Jiangsu province has obtained three medical instrument registration certificates since it was founded in 2019.
The certificates were issued by the National Medical Products Administration.
One of the key reasons behind this achievement is the implementation of a series of measures rolled out by the authorities in the zone, including providing financial support to medical enterprises, and establishing cooperative ties with universities such as Shanghai Jiao Tong University and Fudan University.
Nowyon Medical has so far received subsidies of nearly 2 million yuan ($286,874), which have helped it develop medical devices such as aspiration catheter, balloon catheter and microcatheter, said Jia Jing, the general manager of Nowyon Medical.
Listed among provincial potential unicorn enterprises in 2019, Nowyon Medical now has 35 invention patents.
Authorities have in recent years been channeling more resources towards fields such as medical devices and biological science to bolster its healthcare industry. They have to date granted 23.16 million yuan in subsidies to 42 medical enterprises and provided high-caliber talents with apartments.
The zone is currently home to 70 major medical enterprises, including Jiangsu Bioda Life Science Co Ltd and Koka (Nantong) Life Science Co Ltd.
