Time Medical Systems, a Hong Kong maker of advanced medical devices co-founded by US-trained Chinese academics, is seeking a new site to expand production as it eyes a 30-fold increase in sales of its magnetic resonance imaging (MRI) scanners in the next few years.
The company is commercialising superconductor materials and magnet technologies that can slash the production and operating costs of such scanners while also cutting turnaround time, part of an effort to make early disease diagnosis…