Multinationals Invest In Medical Devices And Consumables Sector

General Electric (GE) is to invest US$150mn over the next 18 months on a research and development (R&D) centre in Brazil. The US multinational is currently negotiating with several public universities and is to choose which academic partnership will offer the greatest potential for the formation of skilled professionals in areas of interest, particularly medical devices. The ownership of patents for products developed under the partnership will be a major component of the decision-making process.

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