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GE GE Aerospace

164.08
1.44 (0.89%)
After Hours
Last Updated: 21:34:03
Delayed by 15 minutes
Share Name Share Symbol Market Type
GE Aerospace NYSE:GE NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.44 0.89% 164.08 165.74 162.0101 165.30 3,901,987 21:34:03

GE HealthCare, Sinopharm Unit Forming Joint Venture

24/02/2023 12:05pm

Dow Jones News


GE Aerospace (NYSE:GE)
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By Colin Kellaher

 

GE HealthCare Technologies Inc. on Friday said it agreed to form a long-term joint venture with a unit of China National Pharmaceutical Group Co., the state-owned group known as Sinopharm, to develop, manufacture and commercialize medical equipment to address the growing needs of China's healthcare market.

Chicago-based GE HealthCare said the venture initially plans to provide non-premium CT and general imaging ultrasound solutions for primary care and rural health, adding that the scope may be expanded as the venture develops.

GE HealthCare, which completed its separation from former parent General Electric Co. in January, already has a joint-venture relationship with Sinopharm through GE Hangwei Medical Systems, a medical equipment maker formed by General Electric and Sinopharm in 1991.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

February 24, 2023 06:50 ET (11:50 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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