Actis invests in specialist medical equipment manufacturing co
The pan-emerging markets private equity company Actis has made a significant majority investment in Nanjing Micro-Tech. Micro-Tech is a manufacturer of specialist medical equipment to both Chinese and international hospitals and surgeries.
This investment builds on Actis’s strong track record of healthcare investments in India. The company Nanjing Micro-Tech was founded in 2000 and has grown to become the largest local player in the Chinese endoscopy consumable sector.
It also has a leading market position in non-vascular stents and disposable biopsy forceps in China. Nanjing Micro-Tech has an extensive distribution network with approximately 120 distributors and particular strength in Jiangsu, Shanghai, Zhejiang, and Shadong.
The diagnosis and treatment that its products facilitate can dramatically improve patient prognosis. The global endoscopy consumable sector was a US$4.4 billion market in 2011 and is expected to reach US$7.6 billion in 2017 with 9.4% CAGR.
Meng Ann Lim, Head of China and South East Asia at Actis said, “Nanjing Micro-Tech is the number one domestic player in the Chinese endoscopy consumable market, it has built up a loyal following of doctors thanks to the consistently high quality of its products, the reach of its distribution base and its record of innovation.”
Mr. Lim also said, “We see great potential in the Chinese healthcare sector and look forward to working with CEO Mr. Leng and his team, with whom we share a clear vision of the future for Nanjing Micro-Tech.” “Nanjing Micro-Tech has grown steadily over the last 12 years. We are very proud of the reputation we have built and the faith doctors and patients place in our products. Our partnership with Actis will take us to the next stage, equipping us with a clearer strategy, a world-class management team, and new routes of business expansion.”
Actis invests in the emerging markets with a growing portfolio of investments in Asia, Africa and Latin America. The company identifies investment opportunities in private equity, energy and realty.
NHS trials test that predicts sepsis 3 days in advance
A new test that can predict sepsis before the patient develops symptoms is being trialled at a National Health Service (NHS) hospital in the south of England.
Clinicians at Portsmouth’s Queen Alexandra Hospital are leading medical trials of the blood test, which they hope will help them save thousands of lives a year.
The test is being developed by government spin-out company Presymptom Health, but the research began over 10 years ago at the Defence Science and Technology Laboratory (Dstl). This included a study of 4,385 patients and more than 70,000 samples, the largest study of its kind at the time.
From the samples taken, a clinical biobank and database were generated and then mined using machine learning to identify biomarker signatures that could predict the onset of sepsis. The researchers found they were able to provide an early warning of sepsis up to three days ahead of illness with an accuracy of up to 90%.
Unlike most other tests, Presymptom Health identifies the patient’s response to the disease as opposed to detecting the pathogen. This is an important differentiator, as sepsis occurs as a result of the patient's immune system’s overreaction to an infection or injury, which can then cause life-threatening organ dysfunction.
Worldwide, an estimated 49 million people a year contract sepsis, while in the UK almost two million patients admitted to hospital each year are thought to be at risk of developing the condition. If Presymptom's test is effective, it could save billions of pounds globally and improve clinical outcomes for millions of sepsis patients.
The initial trials at Queen Alexandra Hospital will last 12 months, with two other sites planned to go live this summer. Up to 600 patients admitted to hospital with respiratory tract infections will be given the option to participate in the trial. The data collected will be independently assessed and used to refine and validate the test, which could be available for broader NHS use within two years.
If successful, this test could also identify sepsis arising from other infections before symptoms appear, which could potentially include future waves of COVID-19 and other pandemics.
Dr Roman Lukaszewski, the lead Dstl scientist behind the innovation, said: “It is incredible to see this test, which we had originally begun to develop to help service personnel survive injury and infection on the front line, is now being used for the wider UK population, including those fighting COVID-19.”