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Singapore seals innovation deal with US healthcare firm

Singapore’s government has signed a deal with the American medical company GE Healthcare, under which it plans to spend US$10 million on treatment innovation.

The deal, in which GE Healthcare will supply an additional $10m in kind, is intended to improve diagnosis methods, patient monitoring and healthcare for an ageing population, according to A*Star, Singapore’s national agency for science, technology and research. The partners will work on computed tomography and magnetic resonance imaging as part of their collaboration.

“[The deal] signifies Singapore’s attractiveness for medical technology companies as this sector is growing briskly,” said Raj Thampuran, A*Star’s managing director.

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