matt

China IPO on deck: China Medical Technologies (CMED)

CMED looks really interesting, but I could not find much research on it. Besides what's already on this site, I would add it appears to be the only major player in China. There are other foreign companies that sell this, eg. EDAP TMS S.A., Focus
Surgery, and Insightec, but they have no exposure in China. Note that the ultrasound imaging system, the major component of the machine, is sourced from GE, who is also a shareholder. In addition, it has entered into a service agreement with GE to provide repair services for medical equipment GE sells in
China.

Market potential appears huge. 150 HIFU machines have been sold to date. CMED
is targeting the approx 6,000 large and medium-size hospitals in China.

Any comments would be appreciated.