Time Medical Invited to 2nd HKEX Biotech Summit

Hong Kong, China, May 31 – Time Medical Systems has been invited to the 2nd HKEX Biotech Summit held on 29th to 30th, May in Hong Kong as an innovative company on medical device and a representative company that plans to list.

Carrie Lam, HKSAR Chief Executive Addressed at the Opening Ceremony

Carrie Lam, HKSAR Chief Executive Addressed at the Opening Ceremony

Carrie Lam, HKSAR Chief Executive delivered a speech in the opening ceremony on 29th May. She expressed her hope on Hong Kong becoming the world’s largest listing venue for biotechnology corporations.

Charles Li, Chief Executive of HKEX emphasized in the Summit that there should be no national boundary in biotechnology development. Only by cooperation, an all-win situation can be achieved and the innovation on global medical biotechnology can be fostered -- helping to solve health issues concerned. Li pointed out that the challenges biotechnology corporations usually face include long research and development cycle, time-consuming approval process and large capital demand. Now that Hong Kong can leverage its strength as a capital market to provide timely assistance to the development of biotechnology industry, which does not only benefit all mankind, but also provide new investment opportunities for investors.

Charles Li, Chief Executive of HKEX Delivered Speech in the Opening Ceremony

Charles Li, Chief Executive of HKEX Delivered Speech in the Opening Ceremony

Charles Li also pointed out that Hong Kong has already become the world’s second largest biotech listing venue. There are 10 biotechnology companies issuing new shares in Hong Kong, financing HK$33 billion in total, including seven pre-revenue companies that raised through the new listing chapter. A further 10 biotech firms have already submitted listing applications, and the pipeline is expected to continue to be strong.

Dr. Eric Gao, Time Medical CTO Participated in Workshop

Dr. Eric Gao, Time Medical CTO Participated in Workshop

Wilfred Yiu, HKEX Head of Markets made a speech in Deep Dive Workshop on 30th May. In the Workshop, Shi Lin, HKEX Head of IPO Audit introduced the listing audit procedures of biotechnology companies in detail. Dr. Eric Gao, Time Medical CTO was invited to the Medical Device Roundtable Forum which is presided over by Dr. Lawrence Y.Tian, Founding Partner of Yuanming Capital, Dr. Gao, Cyber Cao, Managing Director of Sequoia Capital China, Michael Zhao, CEO of Broncus Medical, James Meng, President of Mevion Medical Systems and Wendy Pan, Lawyer from Sidley Austin. The forum covered topics such as the development prospect of international medical device market and medical device industry in China. In the Workshop, Dr. Gao talked about the development potential of medical device and medical imaging in China and Asia market, as well as the huge business opportunity brought by China medical reform, hierarchical medical system and cancer screening. He emphasized with two specific examples when discussing specialty diagnosis market segment and innovation and model: the adoption of two-child policy in China leads to a tightness in resources in pediatric medical sector, resulting in a high demand in precise and safe neonatal MRI imaging. Another example is the essential on women breast tumor screening. There are 8,600 molybdenum target x-ray screening centers that cover 80% population in the US, while the number of screening centers in China only cover 1% of population. It is therefore essential for China to establish 20 thousand screening centers in the future. Among various breast tumor screening methods, the safest and the most precise choice is breast MRI imaging. However, the most common molybdenum target examination is still based on X-ray which is a radioactive method, and yield low accuracy images. As X-ray is not a suitable method for long-term use, there is a big potential in specialty innovative diagnosis market segment.

Simon Yeung, COO of Time Medical Systems Participated in Roadshow

Simon Yeung, COO of Time Medical Systems Participated in Roadshow

At the event, HKEX also held a project roadshow for biotech companies planning to list for the first time. The roadshow allows these companies to introduce themselves and their business plans to investment funds and brokers. Time Medical was one of the 3 medical device companies among the 12 companies invited to the roadshow, and being the only large-scale diagnostic equipment and technology company. In the roadshow, Simon Yeung, COO of Time Medical Systems introduced the background, products and future development of Time Medical. Yeung mentioned the company’s founding team of the company – who are elites from Columbia University, Harvard Medical School and University of Hong Kong. He put emphasis on the company’s original technologies, innovative products and differentiated marketing strategy. Another focus is put on breast MRI system and mobile medical big data diagnosis platform developed by Time Medical. Time Medical plans to establish breast tumor screening chain centers in China, the US and Southeast Asia etc., hoping to provide common and affordable mobile diagnostic service to countries along the Belt and Road.

Simon Yeung, COO of Time Medical Systems at Roadshow

Simon Yeung, COO of Time Medical Systems at Roadshow

Yeung concluded that the global medical imaging diagnostic equipment market worth billions of US dollars, while market for digital medical diagnostic services worth trillions of US dollars. The goal of Time Medical is to become the leading digital medical diagnostics company in Asia – capable of competing with Siemens Medical in Europe and GE Medical in the US. "We are a local entrepreneurial team based in Hong Kong. Throughout the past 10 years we have been receiving supports from elites in technology, medical and investment sectors from both China and the US,” Yeung said. Today we are honored to have the opportunity to stage on the HKEX platform to tell our story of entrepreneurship, as well as our dream: Through going public on the Biotech Board, to maximize the capital raised to drive the “R&D from Hong Kong, China-made high-end medical equipment” global idea! 

Time Medical’s COO Simon Yeung at the Deep Dive Workshop

Time Medical’s COO Simon Yeung at the Deep Dive Workshop

Attendants of the workshop included about 200 brokers, fund managers, and leaders from legal and accounting firms, and were highly interested in the unique development of Time Medical and its original specialty products, the dedicated neonatal MRI system in particular. Executive members of Time Medical conducted in-depth communications and discussions with brokers from investment banks and well-known fund executives including JP Morgan Chase, CCB International, China Merchants International, China Merchants Capital, Sequoia Capital at the meeting. The group was optimistic about the prospects of the future of medical device market. For the listing plan on the Hong Kong Main Board (18A Bio-Board), investors were highly interested and said that they will start contacting TM as soon as possible.

Signing Ceremony in Kuala Lumpur

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Time Medical is excited to announce that we have signed an MOU with GHHS Healthcare in Malaysia, which is the subsidiary of  the Country Heights Group, one of the largest conglomerate in Malaysia, and Shenzhen Damei Investment Management Group, to establish joint venture to open Dedicated Breast MRI Centres with the brand new Optimal Breast MRI System for the ladies in Malaysia. We target to setup at five Breast MRI Centres in three years and at least ten Breast MRI Centres and other imaging centres in the next five years to cover more population in Malaysia.

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During the opening speech by Y. Bhg. Tan Sri Lee Kim Tiong, Chairman of Country Heights Group, he mentioned that it is our responsibilities to take good care of women’s health by providing the best medical equipment to discover breast cancer at the early stage as preventive healthcare. With the Breast MRI System from Time Medical, women can receive health check of their breasts with MRI regularly so that they do not need to absorb any ionizing radiation compared to mammography. The ladies also do not have to suffer from the painful experience of mammography scans.

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Small Animal Veterinary Imaging and Surgery Training Symposium

Time Medical was honoured to have invited Dr. Carl Chueh Hao Jen, president of Taiwan Small Animals Medical Association and Dr. Tony Tsai Kun Lung, president of Taiwan Companion Animal Medical Association to deliver a talk about small animal veterinary imaging and surgery these two days.

The talk was well attended by medical professionals and veterinarians from all cities in China. The two speakers shared their precious experience with the participants on the topics and addressed their hot questions. Everyone had a fruitful day with information attained from the talk.

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FREE Mobile Medical Imaging Service provided by Time Medical to Anhui low-income class

The Mobile Medical Imaging System (MMIS-X) developed by Time Medical which is a mobile DR System combining with advanced artificial intelligence technology and basic medical diagnostic needs. MMIS-X is the first of the kind installed with an automated DR system in a specialized truck which can assist China and the Ministries of Health along Belt and Road Countries to achieve full coverage of medical imaging services in remote areas and areas where professional doctors and technicians are limited.

Patients were queuing for medical consultation.

Patients were queuing for medical consultation.

In the morning of November 24th 2018, the First Affiliated Hospital of Anhui Medical University has collaborated with Time Medical to provide large-scale free clinical consultation at Baili Town in Taihu County which is a remote village in Anhui Province. There were more than 500 patients came for medical consultation. The MMIS-X had served 87 patients and acquired over 300 sets of DR images. The DR images were effective for helping doctors to make diagnosis. It has proven that the MMIS-X will solve the problem in the medical reform in different countries by providing effective hierarchical medical services to all population.

Patients were waiting for DR imaging outside the MMIS-X from Time Medical.

Patients were waiting for DR imaging outside the MMIS-X from Time Medical.

Patients were undergoing registration in MMIS-X.

Patients were undergoing registration in MMIS-X.

NEONA was successfully unveiled at the 2018 China International Import Expo (CIIE)

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On 10th November 2018, the first China International Import Expo (CIIE) at National Exhibition and Convention Centre, Shanghai successfully came to an end.   More than 400,000 buyers — including representatives from all of China's state-owned enterprises — had the chance to meet with more than 3,600 exhibitors from 172 countries at the Expo, aimed to facilitate imports to China.

 

In the healthcare products and medical equipment sector, Time Medical has announced the launching of the world’s first neonatal MRI system – NEONA. The NEONA has been featured by major media including CCTV Prime Time, CCTV Int, People’s Daily, Xinhua News, and Phoenix TV and became the hottest product of the Expo.

 

The world’s first neonatal MRI system – NEONA has compact footprint, light-weighted zero boil-off superconducting magnet and is specifically designed for installation within Neonatal Intensive Care Unit (NICU) in hospitals.  It has incorporated with fast scanning protocols with reduced acoustic noise. The strong gradient ensures the high image quality in terms of high spatial resolution and signal-to-noise ratio (SNR) under short acquisition time. The MR-compatible incubator provides comfort environment with regulated temperature and humidity for the neonates during scanning process.

 

In addition to the attention of the media and the audience, the NEONA also received compliments from government officials and hospital leaders. The former Vice Premier of PRC - Liu Yandong, the former Minister of Commerce of PRC - Chen Deming, and other representatives of leading hospitals, including PLA General Hospital (301 Hospital) and Shanghai Ruijin Hospital. During the exhibition, Time Medical has signed MOU with more than 50 hospitals for the Neonatal MR systems with a total value of $50 M US.

The former Vice Premier of PRC - Liu Yandong visited our booth.

The former Vice Premier of PRC - Liu Yandong visited our booth.

The former Minister of Commerce of PRC - Chen Deming.

The former Minister of Commerce of PRC - Chen Deming.

Department Head of Outward Investment and Economic Cooperation of Ministry of Commerce of PRC visited our booth.

Department Head of Outward Investment and Economic Cooperation of Ministry of Commerce of PRC visited our booth.

Professor Ma Qiyuan and the leader of the Chinese PLA General Hospital (301 Hospital) took a photo in front of the NEONA.

Professor Ma Qiyuan and the leader of the Chinese PLA General Hospital (301 Hospital) took a photo in front of the NEONA.

Professor Ma Qiyuan and the leader of the Ruijin Hospital took a photo in front of the 7T NOVA.

Professor Ma Qiyuan and the leader of the Ruijin Hospital took a photo in front of the 7T NOVA.

Time Medical team introduced products to the guest.

Time Medical team introduced products to the guest.


Time Medical team took group photo in front of the NEONA.

Time Medical team took group photo in front of the NEONA.

The Mobile Medical Imaging System (MMIS) was unveiled at the China-HOSPEQ 2018.

On August 17, 2018, Time Medical as an imaging system and total imaging solutions exhibitor participated in the China-HOSPEQ 2018 which was opened at the China National Convention Center, Beijing. 

 In addition to the 0.35T PICA Open MRI System and 1.5T MICA Whole Body MRI System, Time Medical also proudly presented a newly designed Mobile Medical Imaging System (MMIS-X). MMIS-X is the first of the kind installed with an automated DR system in a specialized truck which can assist China and the Ministries of Health of Belt and Road Countries to achieve full coverage of medical diagnosis imaging services in remote areas and areas where professional doctors and technicians are limited.

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Time Medical team and MMIS-X.

During the exhibition, Chairman of Time Medical, Professor Ma and his team met with the health ministers from more than ten countries in Africa and senior officials from several international organizations. Professor Ma introduced the disruptive technology and innovative products of the company to the guests, especially MMIS-X. The Ministers of Health of Tanzania and Zambia were very interested in MMIS-X and had a detailed discussion with Time Medical team.

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Professor Ma introduced Time Medical innovative products to the Deputy Director of the National Health and Family Planning Commission of China, Ms. Cui Li, and the health ministers from various African countries as well as the senior officials from other international organizations.

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Professor Ma and Ms. Ummy Ally Mwalimu, Minister of Health of Tanzania.

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Professor Ma and Dr. Mzaza Nthele, Director of the Medical Diagnostic Services Division of the Ministry of Health of Zambia.

In an interview with china.org.cn, Professor Ma introduced the two other flagship products of Time Medical, Neonatal MRI System (NEONA) and Breast MRI System (EMMA), along with the Mobile Medical Imaging System (MMIS-X). Professor Ma also introduced the vision and the planning of the company to export large medical devices along the Belt and Road Countries and role of mobile medical in those countries.
    

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The reporter from china.org.cn interviewed Professor Ma.

During the exhibition, Professor Ma and the Time Medical team had also met with the senior officials of the relevant departments of the National Health and Family Planning Committee, the Medical Officials from the Belt and Road Countries, the Deputy Secretary General and other officials of the China-Africa Health Cooperation Forum, and the investment banking team from CICC.

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Professor Ma and the team of CICC.

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Alec Leung, Senior VP, International Sales & Marketing of Time Medical, participated in the sub-forum discussion and speech)

During the HOSPEQ, Malaysian Prime Minister Mr. Mahathir Mohamad, led the relevant Malaysian ministers to visit China. At the invitation by the Malaysian officials, Professor Ma met with officials of the Minister of Trade and Industry of Malaysia and the Director of Investment and Development. Professor Ma also introduced the mobile concept of MMIS and MMIS-X series products to the senior executives of the Malaysian government.

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Professor Ma has a discussion with Malaysian government officials and entrepreneur representatives.

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Johnson Chong, Senior VP of Time Medical, explained the MMIS to the entrepreneur representative from Malaysia.

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On August 21st, Professor Ma led the Time Medical team to meet with Mr. Charles E. Namondwe, the ambassador of the Embassy of the Republic of Malawi in China. Both parties had a great discussion on the applications of mobile medical imaging system in Africa.

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Photo of Professor Ma and the ambassador of Embassy of the Republic of Malawi in China, Mr. Charles E. Namondwe.

Professor Ma Invited to Join Advisory Group of Zhejiang Province Greater Bay Area

Zhejiang, July 30, 2018 – The Zhejiang Government has convened a Greater Bay Area Development Conference. Chaired by Executive Vice Governor Fei Feng, Authorities of Provincial Development and Reform Commission, Federation of Industry and Commerce, Hangzhou city and Ningbo city reported in the conference, while Jiajun Yuan, Governor of Zhejiang Province delivered keynote speech on Greater Bay Area development.

Governor Yuan pointed out that the comprehensive implementation of Greater Bay Area development plan should founded on the existings, eyes on the future, and aims to achieving the 5 missions:

First, major productivity distribution in Greater Bay Area should be scientifically planned and development plans of Greater Bay Area should be highly integrated such that with Hangzhou Bay rim economic zone as the core, development will be able to gradually extend to the whole province;

Second, establishment of Greater Bay Area transportation system should speed up with high standards in building shipping ports, airports, express rail link and highway networks for creating a “One-Hour Commuting Circle” in Hangzhou Bay economic zone;

Third, utmost effort should be put in creating state-of-the-art “Internet+” technologies, building highly innovative platforms, establishing innovation institutions and nurturing and introducing talents;

Fourth, development focuses should be put on sectors such as digital economy, advanced production, intelligent vehicles, biomedical technologies, artificial intelligence, aerospace technologies and other important promising industries to create a range of modern industries. Through developing marine economy to further facilitate integration of city and Bay Area and to establish marine industrial bases making Zhejiang a strong maritime province;

Fifth, level of modernization among cities should be enhanced to help promote development of centre cities and city clusters, targeting a high quality Bay Area.

Governor Yuan Presented Advisory Group Member Certificate to Professor Ma

Governor Yuan Presented Advisory Group Member Certificate to Professor Ma

The conference was held in video conferencing mode, in which appointments of academicians and experts were launched and signing ceremonies for major projects were held. Members of the Advisory Group include academicians of Chinese Academy of Engineering and Chinese Academy of Sciences, and experts of “Thousand Talents Plan” etc. The Advisory Group is responsible for offering advices for decisions, facilitating international cooperation, providing academic support and facilitating university-industry-research collaborations. Professor Qiyuan Ma, CEO of Time Medical Systems was invited to join as a member of the Zhejiang Province Greater Bay Area Development Advisory Group with a 5-year term of service. The first term of Advisory Group runs from 2018 to 2022.

After the conference, Fei Feng, Executive Vice Governor, and authority of Provincial Development and Reform Commission had met with Professor Ma, during which Professor Ma presented the latest developments on bioelectronics, digital health and brain neuroscience. Vice Governor Feng hopes Professor Ma to contribute and make suggestions for the development of Greater Bay Area especially in the aspect of innovative industry.

 

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Time Medical Systems Invited to HKEX Biotech Summit 2018

Hong Kong, China, March 22, 2018 – Hong Kong Exchanges and Clearing Limited (HKEX) has recently hosted the first Biotech Summit 2018. The summit aims at offering biotech companies communication channels with investors, market participants and capital market experts, and aims at jointly building up the investment and financing eco-system for Hong Kong biotechnology sector, with specific focus on building up the upcoming HKEX Biotech Sector.

The summit attracted more than 900 participants and half of them were from investment sector including well-known investment banks and biological funds. Majorities of leading biological and medical enterprises and their leaders have attended the summit. Professor Qiyuan Ma, CEO of Time Medical Systems and Simon Yeung, Co-founder of Time Medical Systems were invited as a representative of medical equipment company to attend the event.

Charles Li, Executive Director and Chief Executive of HKEX expressed the intention, objectives and procedures of the introduction of the Biotechnology Sector Board. Li said that the appearance of new technologies such as big data and artificial intelligence will facilitate the development of biological science technology. At the same time, China has changed tremendously and will become stronger in future. The powerful medical reform in China helps break down regulatory obstacles. All these added up to facilitate the flow of talents and capitals. “Capital usually does not come timely when needed, so now it is the right time to attract biotech companies to list in Hong Kong.” Li said.

According to Li, the answers to a series of questions: “Why should it be done now? Why should we do this? Why should it be done in Hong Kong?” lie in the conclusions drawn at the summit; while he further raised other questions: “If we do not do it, who else can do it? If we do not do it now, when should we do it? If we do not do it in Hong Kong, where should we do it?”, that arouse attendants’ attentions.

Professor Ma and Simon exchanged ideas and thoughts with Li, Ashley Alder, Chief Executive Officer of the Securities and Futures Commission, Chairman of the Biotechnology Innovation Organization, and James Greenwood, former member of the Congress of the US; as well as meeting senior executives of more than 10 investment banks and biological fund companies at the summit.

In the afternoon Q & A session with Li, Professor Ma expressed that medical equipment and diagnostic technologies are key components in biotechnology sector. Professor Ma cited biotechnology sector in Europe and America as example in which the output value ratio of medical equipment to pharmaceutical industry is 1:1, suggesting that HKEX put equal emphasis on the two areas. Li expressed gratitude for his opinion.

 

C K Chow, HKEX Chairman Delivers Welcome Speech

C K Chow, HKEX Chairman Delivers Welcome Speech

Paul Chan, Financial Secretary of Hong Kong Delivers Opening Remarks

Paul Chan, Financial Secretary of Hong Kong Delivers Opening Remarks

Carlson Tong, Securities and Futures Commission Chairman Delivers Remarks

Carlson Tong, Securities and Futures Commission Chairman Delivers Remarks

Ashley Alder, Chief Executive Officer of Securities and Futures Commission Addresses Delegates

Ashley Alder, Chief Executive Officer of Securities and Futures Commission Addresses Delegates

Charles Li, Executive Director, Chief Executive of HKEX Introduces Keynote

Charles Li, Executive Director, Chief Executive of HKEX Introduces Keynote

James Greenwood, President and CEO of Biotechnology Innovation Organization Delivers Keynote Speech

James Greenwood, President and CEO of Biotechnology Innovation Organization Delivers Keynote Speech

Professor Ma with Charles Li after Summit

Professor Ma with Charles Li after Summit

Professor Ma with Ashley Alder after Summit

Professor Ma with Ashley Alder after Summit

Professor Ma with James Greenwood, President and CEO of Biotechnology Innovation Organization

Professor Ma with James Greenwood, President and CEO of Biotechnology Innovation Organization

Break Through: Time Medical Systems Awarded Core Innovation Patents on MRI Ultra-High-Field Superconducting Magnet

China, June 15, 2018 – Time Medical Systems has recently been awarded two core innovation patents: an ultra-high-field superconducting magnet used in whole body MRI imaging, and an ultra-high-field superconducting magnet with high homogeneity used for MRI imaging of small animals. The patents awarded include multiple core techniques on the design and manufacture of 4.7T-or-above ultra-high-field superconducting magnet.

The manufacturing of ultra-high-field superconducting magnet involves techniques from a number of scientific areas including vacuum, thermology, mechanics, electromagnetism, mechanical engineering, large equipment manufacturing and fine machining. The level of difficulty is second only to manufacturing of engines of large aircrafts. At present, only two international corporations can manage all techniques on ultra-high-field superconducting magnets for MRI imaging. The details of design method and manufacturing process have always been highly confidential.

Time Medical continues to devote itself to the development of superconducting magnet for many years. During the “12th Five-Year Plan” period, Time Medical involved in the national superconducting magnet major project; in 2016, Time Medical designed and successfully manufactured the first 7T superconducting magnet product in Asia; in 2017, the company further overcame difficulties in 9T cryogen-free superconducting magnet. All key components of the 7T superconducting magnet and the 9T cryogen-free superconducting magnet are developed by Time Medical and are designed independently and manufactured in China. The performances of the magnets match with international leading standards, and in some aspects even exceed those developed by international competitors. In 2018 Time Medical’s 7T veterinary MRI system has already entered the biological and medical development market, with orders received from first-class universities and hospitals.

The award of patents not only demonstrates that Time Medical has mastered the core techniques in manufacturing of superconducting magnets, it also implies the company has completely possessed independent intellectual property rights, and has broken the monopoly of core technology on ultra-high-field superconducting magnet by international corporations. With the “Chinese Core” in ultra-high-field superconducting MRI sector, China is capable of competing in global market.

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Taiwan Companion Animal Medical Association 2018

Time Medical sponsors the Advanced Small Animal MRI/CT Diagnosis and Reporting Symposium organizes by the Taiwan Companion Animal Medical Association at the National Taiwan University Veterinary Hospital. Thanks for the detailed lecture by Dr. Hitoshi Shimazaki and the great interpretation by Dr. Hao-Jan Cheuh. Thanks to Dr. Tony Tsai providing such a great platform for Time Medical.

CIBR 2018

Time Medical Systems, a member of Steering committee of the Academy for Radiology & Bio Medical Imaging Research / CIBR, http://www.acadrad.org/cibr-steering-committee/  recently participated in the 9th annual Technology Showcase that was presented on Capitol Hill in Washington DC on April 10th.    As in previous years, Time Medical along with numerous Academic members and other leading Imaging Industrial partners presented advances in imaging technology along with their benefits to diagnostic medicine and their benefits to overall health improvements for patients.  Many exciting topics were reviewed.

Dr Yuri Wedmid – Time Medical presenting Preclinical MRI

Dr Yuri Wedmid – Time Medical presenting Preclinical MRI

This year Dr Yuri Wedmid presented a new 7T PreClinical MRI that was described for use in early studies of various diseases especially with new drug development.  Using such systems on smaller animal models is often a rapid way to explore drug benefits without the early risks associated with natural product screening and pharmaceutical testing for safety and efficacy.   Several independent posters by academic researchers using animal models such as Rabbits and Rats supported the utility of higher field MRI exploration in preclinical studies.

Interest was strong and encouraging for Time Medical Systems and its future roadmap for nee developments in the area of new Preclinical MRI at 7T, 9.4T and higher Magnetic fields - that are not yet achievable for larger human studies.  Time Medical System has been a long term supporter of the Academy and CIBR and will continue to collaborate with the research partners in the CIBR (Coalition for Imaging & Bioengineering Research).

Yuri Wedmid, PhD and Renee Cruea, Executive Director - CIBR

Yuri Wedmid, PhD and Renee Cruea, Executive Director - CIBR

US Congresswoman Anna Eshoo highlighting CIBR 9th Technology Showcase

US Congresswoman Anna Eshoo highlighting CIBR 9th Technology Showcase

US Capitol – near Senate Hart Building – CIBR Showcase venue

US Capitol – near Senate Hart Building – CIBR Showcase venue

First PICA MRI System installation in South Africa

Today, Time Medical Systems completed the first PICA MRI installation on African soil, in Gauteng, Johannesburg, South Africa. This important milestone was met with considerable excitement by the local medical community and the Centre of Advanced Medicine. The PICA MRI system – TM’s flagship whole-body magnetic resonance imaging (MRI) system, includes new TM patented MR technologies and an open, patient-friendly design. This marks the beginning of a new page for Time Medical in the African market.

Center of Advanced Medicine, Johannesburg, South Africa

Center of Advanced Medicine, Johannesburg, South Africa

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Time Medical Joined “Belt and Road” High-Level Meeting for Health Cooperation: “Towards a Health Silk Road” and Health Industry Expo

Beijing, China, August 28 – “Belt and Road” High-level Meeting for Health Cooperation: “Towards a Health Silk Road” and Health Industry Expo was opened in the China National Convention Center on August 18, 2017. Yandong Liu, Vice-premier of State Council, Dr Tedros Adhanom Ghebreyesus, Director General of the World Health Organization (WHO), Mr. Michel Sidibé, Under-Secretary-General of the United Nations and more than 20 minsters from different countries and international organizations such as the WHO and representatives from the Joint United Nations Programme on HIV and AIDS attended the meeting.

Yandong Liu, Vice-Premier of State Council Delivers Opening Speech

Yandong Liu, Vice-Premier of State Council Delivers Opening Speech

All parties in the meeting have come to the following consensus: strengthening communications and cooperation of health policies so as to meet the health-related targets in the “Sustainable Development Goals by 2030” initiative; improving monitoring, prevention and counter-measures of serious infectious diseases, as well as coordination and cooperation in handling health emergencies in countries along the Belt and Road; supporting development of trades in health services, health-and-medical travels and health caring; exploring the possibility of cooperation in mutual recognition of medical equipment submission standards in countries along the Belt and Road, and etc.

Bin Li, Minister of the National Health and Family Planning Commission Holds the Meeting

Bin Li, Minister of the National Health and Family Planning Commission Holds the Meeting

Time Medical Systems exhibited two creative products in the Expo: mobile medical imaging system (MMIS) and the first artificial intelligence digital X-ray imaging system.

Exhibition Booth of Time Medical Systems

Exhibition Booth of Time Medical Systems

After the opening ceremony, Dr Tedros Adhanom Ghebreyesus and Mr. Michel Sidibé, accompanied by Li Cui, Vice Minister of the National Health and Family Planning Commission, visited the booth of Time Medical Systems. Professor Qiyuan Ma, CEO of Time Medical Systems introduced the MMIS and artificial intelligence digital X-ray imaging system to the guests and received highly positive responses from them. These systems are 3A (advanced, accessible and affordable) medical diagnosis service platform specifically designed and developed to solve the problem of inadequate medical diagnostic services and lack of radiologists and technologists in developing countries along the Belt and Road.

Professor Ma, CEO of Time Medical Systems Introduces Time Medical’s 3A Creative Products to Dr Tedros Adhanom Ghebreyesus, Director General of World Health Organization and Mr. Michel Sidibé, Under-Secretary-General of the United Nations

Professor Ma, CEO of Time Medical Systems Introduces Time Medical’s 3A Creative Products to Dr Tedros Adhanom Ghebreyesus, Director General of World Health Organization and Mr. Michel Sidibé, Under-Secretary-General of the United Nations

As a highlight in the exhibition, MMIS of Time Medical had attracted numerous visits from guests. Time Medical’s team received the Health Department officials from countries such as Sierra Leone, Zambia, Laos, Kenya, Panama, Kazakhstan, Egypt, Mongolia, Kyrgyzstan, Australia, Zimbabwe and Croatia etc., and also the leaders of national and provincial Health and Family Planning Commissions

Dezhi Yu, Director of Health and Family Planning Commission of Anhui Province Visits MMIS at Time Medical’s Booth

Dezhi Yu, Director of Health and Family Planning Commission of Anhui Province Visits MMIS at Time Medical’s Booth

With the endeavor of Anhui research and development team, the company’s first artificial intelligence digital X-ray imaging system was successfully exhibited and received compliments from physicians and officials from more than 10 countries in the exhibition.

Huaijin Qin, an Official in Charge of Science and Education with the National Health and Family Planning Commission and Xuetao Cao, President of Chinese Academy of Medical Sciences and Peking Union Medical College in Automatic Imaging Exhibition Area with Time Medical Team

Huaijin Qin, an Official in Charge of Science and Education with the National Health and Family Planning Commission and Xuetao Cao, President of Chinese Academy of Medical Sciences and Peking Union Medical College in Automatic Imaging Exhibition Area with Time Medical Team

Professor Foday Shar, Brigadier of Sierra Leone Army and His Fellows

Professor Foday Shar, Brigadier of Sierra Leone Army and His Fellows

Ainur Aiypkhanova, Acting General Director of the Kazakhstan Republican Center for Healthcare Development Experiences Automatic Imaging and Artificial Intelligence DR System

Ainur Aiypkhanova, Acting General Director of the Kazakhstan Republican Center for Healthcare Development Experiences Automatic Imaging and Artificial Intelligence DR System

Professor Ma Introduces PICA MRI System to Acting General Directory Ainur Aiypkhanova

Professor Ma Introduces PICA MRI System to Acting General Directory Ainur Aiypkhanova

Professor Qiyuan Ma, CEO of Time Medical Systems and Alec Leung, Director for International Sales of Time Medical had also participated in the sub-session of the meeting and round-table discussion in which they shared professional views on the trend in health industry and the way towards international certification for Chinese health industry.

Professor Ma Participates in the Discussion in the Sub-session of “Belt and Road” High-Level Meeting for Health Cooperation: “Towards a Health Silk Road”

Professor Ma Participates in the Discussion in the Sub-session of “Belt and Road” High-Level Meeting for Health Cooperation: “Towards a Health Silk Road”

Time Medical Unveiled Mobile Diagnostic Imaging System

Chengdu, China, May 31 – Time Medical Systems exhibited its first mobile diagnostic imaging system in the 2017 Chengdu Global Innovation and Entrepreneurship Fair opened on May 10, 2017.

Time Medical’s Mobile Diagnostic Imaging System

Time Medical’s Mobile Diagnostic Imaging System

This mobile diagnostic imaging system combines a digital x-ray machine with a magnetic resonance imaging (MRI) system to form a system with advantages from both imaging techniques: the fast, convenient and affordable from X-ray for preliminary screening, and the high soft tissue contrast resolution, high spatial resolution, freedom of slices at arbitrary orientations, free from ionization radiation, specific techniques on blood and water imaging from MRI, resulting in a wide range of clinical applications. Combined with the remote diagnosis function, the system can serve duties such as performing regular mobile patrol diagnosis, providing emergency rescue services, offering training for basic medical personnel, etc. The system is aimed at alleviating the lack of medical resources problem at the remote areas and in Mid-West China, and at the same time helps to achieve the goal of strengthening primary medical services and provide targeted medical treatment for the unfortunates.

The system can not only be deployed for mobile diagnosis, but can also be fixed on the ground independently as a semi-mobile imaging center. Moreover, options such as portable electrocardiograph machine and B-scan ultrasound system are also available. These highly extensible features allow applications at various situations. The China-made high-end medical equipment can be exported to countries and regions along the routes of The Belt and Road – benefiting more people in different countries.

Internal Structure of Time Medical’s Mobile Diagnostic Imaging System

Internal Structure of Time Medical’s Mobile Diagnostic Imaging System

Time Medical’s mobile diagnostic imaging system has aroused wide attention at the Fair. Li Yin, Governor of Sichuan Provincial People's Government, Qiang Luo, Mayor of Chengdu Municipal People's Government and other officials visited the booth.

Li Yin, Governor of Sichuan Provincial People's Government Visited Time Medical’s Booth

Li Yin, Governor of Sichuan Provincial People's Government Visited Time Medical’s Booth

Professor Qiyuan Ma, President of China Association for Science and Technology Returnee Entrepreneurship Association and CEO of Time Medical Systems introduced the mobile diagnostic imaging system from Time Medical Systems to leaders of Sichuan Province and Chengdu City. Governor Yin asked about the details of the system such as type of machine equipped, weights of the mobile system, and the expected service price in remote areas. Governor Yin highly praised Time Medical for its spirit of innovation and showed recognition to the project. He believed the system can practically solve the hierarchical medical treatment problem in Mid-West China and remote areas.

Professor Qiyuan Ma, CEO of Time Medical Systems Introduced Mobile Diagnostic Imaging System to Governor Yin

Professor Qiyuan Ma, CEO of Time Medical Systems Introduced Mobile Diagnostic Imaging System to Governor Yin

Professor Qiyuan Ma, CEO of Time Medical Systems Received European Client

Professor Qiyuan Ma, CEO of Time Medical Systems Received European Client

Two Clients from America Visiting the Mobile Diagnostic Imaging Vehicle

Two Clients from America Visiting the Mobile Diagnostic Imaging Vehicle

He, District Mayor of Pidu District Visits Time Medical’s Booth

He, District Mayor of Pidu District Visits Time Medical’s Booth

Dr.Panuwan from Chiang Mai University of Thailand (Middle) Inquiring Time Medical’s Mobile Diagnostic Imaging System

Dr.Panuwan from Chiang Mai University of Thailand (Middle) Inquiring Time Medical’s Mobile Diagnostic Imaging System

CEO of Time Medical Keynote Speak in China-Africa Ministerial Conference on Health Cooperation

Pretoria, South Africa, April 26 – China-Africa Ministerial Conference on Health Cooperation was held in the capital of South Africa, Pretoria at 2 p.m. local time on 24 April, 2017. Bin Li, Minister of National Health and Family Planning Commission of the PRC and Dr. Motsoaledi, Minister of Health of South Africa co-hosted the conference. In addition to the officials from China and South Africa, other attendants included Michel Sidibé, Under-Secretary-General of the United Nations, Minister of Health from more than 20 countries in Africa, as well as personnel and representatives from organizations such as the United Nations Population Fund, the Global Fund and the Bill & Melinda Gates Foundation, etc.

Yandong Liu, Chinese Vice Premier delivered opening speech in the opening ceremony

Yandong Liu, Chinese Vice Premier delivered opening speech in the opening ceremony

Bin Li, Minister of National Health and Family Planning Commission of the PRC signed contract with Minister of Health of Ghana

Bin Li, Minister of National Health and Family Planning Commission of the PRC signed contract with Minister of Health of Ghana

Yandong Liu, Chinese Vice Premier delivered a keynote speech with the theme of “Creating a Better Future for China-Africa Health Cooperation by Taking Action and Fulfilling Commitments”. Madam Liu reviewed the outcomes of cooperation on public health sector between China and Africa over the past 50 years. With China and Africa accounting for one-third of the world’s population, Liu emphasized on the importance and meaning of strengthening China-Africa cooperation in health sector. Liu made 5 suggestions: Improving accessibility of health services in Africa; Strengthening public health and disease prevention and control systems in Africa; Deepening exchange of health and humanity of children and women; Expanding China-Africa medical cooperation, and Encouraging Chinese medical enterprises to enter Africa market, which were all well-received by attendants.

Under-Secretary-General of the United Nations said that Africa accounts for 25% of the world’s disease burden, yet health expenses in Africa only comprise less than 1% of that of the world. He thanked China for providing life-saving medical support to Africa, and appealed to the international community to raise awareness of medical service in Africa, the continent that occupies 15% of land of the world.

China-Africa Medical Industry Meeting

China-Africa Medical Industry Meeting

Professor Q.Y. Ma, CEO of Time Medical Systems also attended the conference and delivered a speech on “Innovation on Medical Diagnostic Imaging Service” under the topic of China-Africa medical industry cooperation. Professor Ma pointed out the two big challenges in medical diagnosis in Africa: lack of diagnostic equipment and lack of radiologists and technologists. Medical diagnostic imaging industry has been monopolized by a few multinational corps for a long time, leading to expensive equipment and high diagnostic fee. Advanced medical diagnostic imaging equipment such as CT and MR machines are still not available in many countries in Africa. In better developed countries such as South Africa MR diagnosis scan would cost US$500, while gross domestic product per capita in half of the 55 countries in Africa is only less than US$2000. Moreover, there is no radiologist available in 15 African countries. Professor Ma emphasized that Africa has an urgent need for affordable medical diagnostic service which could cut more than 80% diagnostic fee, and this target can only be achievable through technological innovations.

Professor Ma highlighted some key innovations in diagnostic imaging from Time Medical. First, developing high quality, low cost diagnostic equipment, such as the PICA MR system; Second, developing dedicated (for orthopedic, neonatal and breast scan) imaging equipment to lower diagnostic scan fee to the level comparable to the prices of cups of coffee. Third, developing Mobile Medical Imaging System (MMIS) for regular checks of residences in rural villages, which could significantly reduce fixed expenses of the clinics. Forth, introducing Artificial Intelligence DR machine and utilizing big data and deep learning technology to overcome the lack of radiologists and technologists in Africa. Fifth, building up a tele-imaging diagnosis platform. Professor Ma concluded that with the help of these innovations, Time Medical can enter the Africa market and help to solve the difficulties in medical service in Africa.

Professor Ma's speech aroused strong responses from attending representatives.  Minister Li highly praised the speech. Ministers of Health of South Africa, the Republic of the Congo, Mauritania, and Angola, have discussed the potential collaborations with Professor Ma.

Other attending enterprises in the conference included China Sinopharm International Corporation, Mindray and the Beijing Genomics Institute.  Alec Leung, Director for International Sales of Time Medical was also invited. 

Professor Ma with Dr. Rufaro R. CHATORA, World Health Organization Representative to South Africa

Professor Ma with Dr. Rufaro R. CHATORA, World Health Organization Representative to South Africa

Professor Ma with Jacqueline Mikolo, Health Minister of The Republic of Congo

Professor Ma with Jacqueline Mikolo, Health Minister of The Republic of Congo

Professor Ma with Maimouna Taghi, Health Minister of Mauritania in the Conference

Professor Ma with Maimouna Taghi, Health Minister of Mauritania in the Conference

Professor Ma with Dr. Chris Benn, Director of External Relations of The Global Fund in the Conference

Professor Ma with Dr. Chris Benn, Director of External Relations of The Global Fund in the Conference

Time Medical invited to visit the UK

Time Medical invited to visit UK

Between 13th to 16th, March, 2019, Time Medical was invited by UK Trade & Investment agency (UKTI) and the Commercial Office of the Embassy of China to visit UK. Our Chairman, Professor Ma Qiyuan, Vice President, Johnson Chong and the International Marketing Manager, Lois Poon were glad to meet the UKTI Senior Officer, Dr. Holly Hou and Foreign Trade Project Officer, Cillian Cousins in London.

Professor Ma and his team also visited Imperial College London, White City Campus, Cambridge University, Cambridge Biomedical Center and Oxford University.

On behalf of the University, Professor Hans Hagen, COO of Biomedical Center department of Cambridge University welcomed and introduced Time Medical team biomedical research and future development of the University.

On behalf of the University, Professor Hans Hagen, COO of Biomedical Center department of Cambridge University welcomed and introduced Time Medical team biomedical research and future development of the University.

Professor Hans Hagen and his team welcomed Professor Ma at AstraZenerca site.

Professor Hans Hagen and his team welcomed Professor Ma at AstraZenerca site.

Time Medical team at Innovation Centre of Cambridge University.

Time Medical team at Innovation Centre of Cambridge University.

Time Medical team visited Biomedical Center of Oxford University.

Time Medical team visited Biomedical Center of Oxford University.

Time Medical team visited Biomedical Center of Oxford University.

Time Medical team visited Biomedical Center of Oxford University.

Professor Ma visited GSK centre.

Professor Ma visited GSK centre.

Professor Ma was invited by MedCity to participate in the Life Science Development Conference which was held at the top level of the Westminster Conference Centre on 15th March.

Professor Ma and CEO of MedCity, Professor David Parry.

Professor Ma and CEO of MedCity, Professor David Parry.

Director of Life Sciences at the UK Innovation Agency introduced the UK Life Sciences 2025 Program.

Director of Life Sciences at the UK Innovation Agency introduced the UK Life Sciences 2025 Program.

Time Medical's visit to the UK was in response to the National and Health Planning Commission's ‘’Belt and Road strategy, and participated in global competition with high-quality large-scale medical equipment. The UK has a population of nearly 70 million and all medical diagnostic equipment is imported from multinational companies.

After the Brexit, the trade uncertainty with the EU has increased significantly, which is an opportunity for Time Medical’s products to enter the UK. The UK is a global leader of pharmaceutical R&D and industry development which has great opportunity for 7T nuclear magnetics for small animals to enter such a large market.

Finally, the UK pet diagnostic market is the largest in Europe. Dr. Larkin mentioned the UK pet diagnostic market has abundant potential, but currently the main supplier in the market is Hitachi's permanent magnet MRI system.

In addition, the United Kingdom is the only country in the world that can develop super high field superconducting magnets except the United States. A science and technology staff at Oxford University has developed the world's first 7T full body superconducting magnet and 11.7T animal magnet. Then the company was acquired by Siemens a few years ago. Oxford has gathered many nuclear magnetic hardware talents and related industrial chains.

Professor Ma gave a ‘PICA’ model as a souvenir to CEO of Polar, Scott.

Professor Ma gave a ‘PICA’ model as a souvenir to CEO of Polar, Scott.

Professor Ma and CEO of Polar, Scott

Professor Ma and CEO of Polar, Scott

Time Medical plans to set up a European branch in the UK this year to develop the UK and European markets, as well as clinical research collaborations with universities and companies in London.


RSNA 2016

Chicago, USA, 6th December, 2016 – Time Medical Systems participated in the 102nd RSNA 2016 from 29th November to 1st December.

RSNA2016-001.jpg

Time Medical booth at RSNA 2016

During the exhibition, Time Medical received the guests from USA, Canada, Germany, the United Kingdom, Finland, Switzerland, Ireland, Italy, India, Singapore, Israel, Egypt, Nigeria, Argentina, Colombia, Bangladesh, the Philippines, Syria, Ghana, Peru and so on. More than 20 countries, agents and hospital representatives, and reached a number of procurement intentions.

Professor Ma met with CEO of different multinational healthcare corporations to discuss future strategic cooperation. In addition, Time Medical has discussion with the leading institutions such as UCSD, MSKCC and Harvard Medical School MGH in regards to the clinical and preclinical cooperation of the Neonatal MRI, Abbreviated breast MRI and Ultra-high field MRI systems which has reached an initial collaboration opportunity.

Clinical advisor Dr. William Bradley visited the Time Medical booth and reviewed the 1.5T MICA MRI System.

Clinical advisor Dr. William Bradley visited the Time Medical booth and reviewed the 1.5T MICA MRI System.

During the exhibition, International Sales & Marketing team from Time Medical received the delegation from the Chinese Society of Radiology and the National Health and Family Planning Commission. Professor Ma introduced three key points to the delegation of which the first one is the paradigm shifting technology and competitive advantages of the products (PICA and RORA) for routine diagnosis at the emerging market such as Asian, African and Latin American. The second point is the importance of differential development of dedicated MRI systems. The third point is the development of mobile MRI system for remote area together with intelligent imaging solutions as well as the 7T small animal preclinical and 7T Whole Body MRI System.

Professor Ma with the delegation from the Chinese Society of Radiology and the National Health and Family Planning Commission at the Time Medical booth.

Professor Ma with the delegation from the Chinese Society of Radiology and the National Health and Family Planning Commission at the Time Medical booth.

The focus of the RSNA is Machine Learning or Deep Learning, or Artificial Intelligence (AI) in the field of radiological applications, which is controversial since a lot of professionals are worried that the technology will replace radiologists. As an industrial member, Professor Ma participated the CIBR (Coalition for Imaging & Bioengineering Research) Steering Committee meeting and IS3R (International Society for Strategic Studies in Radiology) Interim Meeting 2016.  The meeting concluded that AI is inevitable in medical imaging.  TM has already been developing AI tech and products, along with major industrial players.