B20 - Biosensors International Group, Ltd

Biosensors International Group, Ltd. develops, manufactures and commercializes medical devices used in interventional cardiology and critical care procedures. The Company operates through four segments: drug-eluting stents, interventional cardiology, critical care and licensing revenue.

The drug-eluting stents segment supplies the Company's drug-eluting stent products. The interventional cardiology segment supplies the Company's coronary bare-metal stents, accompanying stent delivery balloon catheter systems, angioplasty balloons and catheters. The critical care segment supplies catheter systems and related accessories used during surgery and intensive care treatment and monitoring.

The licensing revenue segment relates to milestone payments associated with the licensing of the Company's drug-eluting stent technology and intellectual property. In September 2007, the Company completed the acquisition of 50% of the registered capital of JW Medical Systems Ltd.

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SUMMARY

Industry Health Care
Address 31 Kaki Bukit Road 3 07-01/02 Techlink Singapore 417818 Singapore
Phone 6562135777
Fax 6562135737

NEWS

  • October 3, 2008 - Biosensors closing Netherlands unit1 - Biosensors International Group said it is closing its Netherlands-based manufacturing subsidiary, Occam International. Costs related to the closure are estimated to range from US$3 million to US$4 million - the bulk of which will relate to severance payments to be made to Occam employees. Anticipated annual cost savings to be realised in future years range from US$3 million to US$4 million.
  • October 1, 2008 - Biosensors misses out on buying JW Medical2 - Biosensors International Group has missed a deadline to buy out its partner in JW Medical Systems Ltd because government approvals were not obtained by Sept 30. As a result, the proposed agreement with Shandong Weigao Group Medical Polymer Company, announced in January, has expired, it said yesterday.
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