In Costa Rica, Thermo Fisher Scientific opened a new 1,400 square meter distribution center in Coyol Free Zone, Alajuela.
This investment represents the third expansion of the company in the country in 7 years, and with its new distribution center Thermo Fisher increased its installed capacity by 52%, reported the Costa Rican Coalition of Development Initiatives.
The medical device manufacturer Precision Concepts Medical Technologies will invest $5 million in the construction and operation of a new plant in Costa Rica.
According to the Costa Rican Coalition of Development Initiatives (Cinde), the health sector company's investment will focus on the construction of a building and the implementation of state-of-the-art technology.
Establishment Labs Holdings, dedicated to the manufacture of breast implants, issued $66 million in shares on its first day of trading on the Nasdaq stock exchange, in the US.
Representatives of the company reported that through the procedure called "pricing", last Wednesday the company sold 3,175,277 shares to investorsat a unit price of $18 dollars.
Products, services, and medical, pharmaceutical and hospital technology equipment will be exhibited from October 19th to 20th at the Atlapa Convention Center.
The EXPO MEDICA PANAMÁ 2017 event will bring together companies from the pharmaceutical, medical, health and sports industries.
The multinational Hospira will be gradually closing manufacturing operations for infusion equipment in the Dominican Republic in order to transfer to facilities operating in Costa Rica.
The company told Nacion.com that"... after careful analysis of product volume and global manufacturing capabilities, we made the difficult decision to discontinue manufacturing operations in the Dominican Republic and transfer most of the installed plant operations to Costa Rica".
In the next five years the Costa Rican Social Security Institution plans to invest about $1.8 billion in building new infrastructure and purchase of medical equipment.
The aim of the Costa Rican Social Security Fund (CCSS) is to start to reverse the significant backlog there is in terms of building infrastructure, due to the decline in investment registered with the entity from about 2010.
$18 million will be allocated to equip the seven-story tower, which will be built starting from April at the Calderon Guardia hospital, with 209 beds, 35 incubators and radiology, neonatology, gynecology, and an isolation unit.
The estimated cost of the project is $83 million, its construction will begin in mid-April and it will be completed within three years, according to the Costa Rican Social Security Fund (CCSS).
In 2016 the export of cosmetic, dental, cardiovascular, and endoscopy goods and others generated revenues of $2.556 billion, equivalent to 26% of the total exported by the country.
The export value of manufactured medical and precision equipment exceeded $2.5 billion, almost matching exports reported by the agricultural sector, which totaled $2.69 billion last year.
Medical products and services, and pharmaceutical and technological hospital equipment, and will be exhibited from September 23 to 24 in the Atlapa Convention Center.
From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP):
Two US investment funds will be investing in the Costa Rican company Establishment Labs, a manufacturer of breast implants.
From the press release by Establishment Labs:
Our mission is to make breast aesthetics safer and better for women worldwide by delivering a world class technology platform that promotes women's health and enables the strategic adoption of Motiva as the brand of choice in the market,” said Juan José Chacón-Quirós, CEO of Establishment Labs. “The investment and partnership from Crown Predator and JW Asset Management and the global relationships and experience they provide will enable us to accelerate investment in our technology, grow our customer base, and scale our business to meet growing demand. We are excited to officially begin the journey to bring our next generation Motiva implants to the United States, the largest market for breast aesthetics in the world."
The purchase by the German company of the assets of Conceptus include a Patent for an intertubal contraceptive device which will go into production at the Metropolitan Free Zone in Heredia.
Bayer announced that the plant will be producing a new permanent birth control device.
There are 46 companies in Costa Rica in the medical industry whose exports in the first 10 months of 2012 totaled $1.24 billion.
Elfinancierocr.com reports that "The entry into Costa Rica of several companies in the medical industry that has taken place in the last three years is reflected in the growth of the sector's exports. Between January and October this year 20.4% more currency was generated than in 2011, making it one of the fastest growing sectors. "
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