Medical devices firm Boston Scientific today launched its first integrated facility in India to develop and sell minimally invasive technologies fit for India and the greater Asian market and train physicians in using them.
The 1 lakh sq ft facility comprises research and development, training and commercial center, Boston Scientific said in a statement. The company however did not share the investment figures for the facility. The research and development (R&D) center will focus on creating market-appropriate products based on unmet clinical needs in emerging markets, and will also serve as a global product engineering center, it added. Boston Scientific has invested over $850 million in 2015 in R&D globally, which represents over 11 per cent of the global revenue in that year, the company said.