🏥 France's Medical Business Updates: Key Highlights from the Last Two Weeks 🏥
Revitalizing Biomedical Research 🧬:
The French government has launched a new initiative to strengthen and simplify biomedical research in the country. This plan, announced by the Ministries of Health, Research, and Industry, aims to position France as a global leader in biomedical research and innovation. The initiative includes efforts to attract international talent and increase the efficiency of research processes. This comes amid concerns about a "decline" in France's medical research standing globally
Innovation in Medical Devices 🏥:
- Under the "France 2030" recovery plan, President Emmanuel Macron has allocated €7.5 billion over the next three to five years to boost the medical device sector, with a special focus on MedTech. This includes €400 million dedicated exclusively to MedTech projects such as surgical robots and long-term implantable devices. The plan aims to make France a leader in predictive, preventive, innovative, and personalized medicine
- Several companies have benefited from this focus on innovation. For example, Wandercraft, a company specializing in exoskeletons, raised €40 million in January 2022. Another company, Cairdac, raised €17 million in March 2022 to develop an autonomous sensorless pacemaker(
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