Navigation Links
Biosite's Triage Products Seized by Beijing Customs; Chinese Market Facing Shortage
Date:4/26/2010

SHANGHAI, April 26 /PRNewswire-Asia/ -- Biosite's Triage products imported by Inverness Medical Beijing Co., Ltd. in April 2010 have been seized by Beijing Customs for not complying with the applicable importation regulations. As a result, the Chinese market is facing a severe shortage.

According to Beijing Customs, the Inspection and Quarantine Bureau of Beijing Customs raised questions regarding the propriety of the importation documents submitted by Inverness Medical Beijing, and subsequently seized all products imported at issue. Beijing Customs did not provide a clear timetable regarding when it will release these products. This news caused renewed concerns in the Chinese market, as distributors and end-users worry that the disruption in the supply of Triage products will adversely affect their use in hospitals. Currently, there is not much inventory left in the market, and it is estimated that the existing inventory can only last about a week. Some hospitals have already run out of Biosite products. Once a hospital runs out of Biosite products, it will be forced to use alternative products from other manufacturers.

In 2009, the total sales of Biosite products distributed through Chinmax Medical Systems, Inc. reached US $20 million. In particular, the Triage BNP test product is the best selling product in the heart failure diagnostics market in China. The dispute with Chinmax and the customs seizure has opened the door to Biosite's competitors, e.g. Roche, Abbott, Bayer/Siemens, BioMeuriex etc.

Biosite Incorporated is a worldwide pioneer in cardiac biomarkers based in San Diego, California, USA. Biosite was acquired by Inverness Medical Innovations, Inc. (NYSE: IMA) in June 2007. Chinmax Medical Systems, Inc., a leading distributor of clinical diagnostics in China, has been distributing Biosite products since 1999. On January 28, 2010, Chinmax filed suit in Shanghai regional district court against Inverness Medical Beijing (IMB), the Chinese subsidiary of Inverness Medical Innovations, claiming IMB infringed on Chinmax's exclusive distribution rights in China.


'/>"/>
SOURCE Chinmax Medical Systems, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. T-System Provides Free Medical Documentation Templates and Bi-Lingual Triage Questionnaires for Haiti Relief Medical Personnel
2. Triage Wireless, Inc. Becomes Sotera Wireless, Inc.
3. Vermillion Files 510(k) Application With U.S. Food & Drug Administration for OVA1 Ovarian Tumor Triage Test
4. AspenBio Pharma Reports Strong Results with Appendicitis Triage Blood Test from Large Multiple Hospital Study
5. China Sky One Medical Prepares to Launch 13 New Products
6. China Biologic Products Schedules Conference Call to Discuss Fourth Quarter and Full Year 2009 Results
7. ATS Medical Receives Approval to Commercialize the ATS Simulus Annuloplasty Products in Canada
8. EndoChoice(R) Launches CEU Program on Proper Endoscope Reprocessing and a Line of Flexible Endoscope Reprocessing Products
9. Statement From Eli Lilly and Company Regarding Stolen Company Products From Enfield, Connecticut Distribution Operations
10. China Biologic Products to Present at the Rodman & Renshaw Annual China Investment Conference
11. Corgenix Medical Corp. Announces Launch of Products for Automated Systems
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/2/2017)... -- AllianceRx Walgreens Prime, the combined central specialty pharmacy and ... manager Prime Therapeutics LLC (Prime), today officially began the ... of new signage at its headquarters in ... few other company-owned facilities across the country. This also ... whom will begin to see the AllianceRx Walgreens Prime ...
(Date:9/28/2017)... , Sept. 28, 2017 Cohen Veterans ... advance the use of wearable and home sensors for ... disorders. Early Signal Foundation, a nonprofit organization focused on ... will provide an affordable analytical system to record and ... ...
(Date:9/25/2017)... 25, 2017  EpiVax, Inc., a leader in ... immune-engineering today announced the launch of EpiVax Oncology ... personalized therapeutic cancer vaccines. EpiVax has provided $500,000 ... to enabling technologies to the new precision immunotherapy ... EpiVax Oncology as Chief Executive Officer. Gad brings ...
Breaking Medicine Technology:
(Date:10/13/2017)... ... October 13, 2017 , ... As health professionals work ... as “patient engagement.” The patient is doing more than filling out a survey; in ... “There is an increasing emphasis in health care and research on the importance of ...
(Date:10/13/2017)... ... October 13, 2017 , ... PurhealthRX , a leading Health and ... Applying the Purzorb™process to full spectrum CBD oil will revolutionize the rapidly growing CBD ... that can be easily incorporated into liquid products, while reducing costs to end users. ...
(Date:10/13/2017)... ... 2017 , ... Many families have long-term insurance that covers care for a ... waiver for care if the client has a cognitive impairment diagnosis. , “What ... is often waived, so the benefits from their insurance start immediately,” said Mechell Vieira, ...
(Date:10/13/2017)... ... 2017 , ... Yisrayl Hawkins, Pastor and Overseer at The House of Yahweh, ... and least understood books in the Holy Scriptures, Revelation. The Book of Revelation paints ... for centuries. Many have tossed it off as mere rubbish, but Yisrayl Hawkins says ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... “America On ... Christian identity. “America On The Brink” is the creation of published author, William ... several great-grandchildren. As a WWII veteran, he spent thirty years in the Navy. ...
Breaking Medicine News(10 mins):