HK Stock Market Move | JINHAI MED TECH (02225) rose by over 13% again, reaching a cooperation agreement with Medtronic's Suzhou branch to jointly open up the market for spinal endoscope navigation technology.

JINHAI MED TECH (02225) rose by over 13%, as of the time of writing, it is up by 5.74% at 1.29 Hong Kong dollars, with a turnover of 13.0365 million Hong Kong dollars. In terms of news, JINHAI MED TECH announced that its subsidiary Jinhai Shanghai and Medtronic Changzhou have signed a strategic cooperation framework agreement on the promotion of real-time navigation tracking spinal endoscopy technology for clinical applications in China. The contracting parties will seek to develop domestically leading and internationally advanced navigation spinal endoscopy integrated solutions around clinical needs, allocate resources to organize academic exchanges at home and abroad, promote clinical academic exchanges and technological advancements of real-time navigation tracking spinal endoscopy technology in China, and provide each other with navigation spinal endoscopy prototypes for clinical demonstrations, training, and marketing activities to support the testing and evaluation of real-time navigation tracking spinal endoscopy technology. In addition, the 8th China International Import Expo will be held in Shanghai from November 5th to 10th. During the Expo, JINHAI MED TECH's subsidiary Jinhai Medical will jointly release the latest research and development of innovative navigation-assisted spinal endoscopy technology with Medtronic's China Orthopedic and Neurosurgery Business Group (Medtronic China). This technology is expected to be applied in spinal surgery, opening up a new path for the precise and intelligent development of spinal surgery, shortening the learning curve of clinical doctors on spinal endoscopy technology, and promoting its more efficient and widespread clinical applications in the future.