Mingyuan Medicare Development Company Limited

Type: Public
On the web: http://www.mingyuan-hk.com
Employees: 1,097
Employee growth: 15.4%

MY Medicare wants to help with your medical care. Mingyuan Medicare Development, or MY Medicare, makes medical diagnostic products for the Chinese market. Its HealthDigit subsidiary produces biochips that detect certain proteins in the body and are used to diagnose and monitor cancer as well as track treatment efficacy. The company has agreements with major Chinese insurance companies, including Taiping Life, China Life, and Ping An Life, that use the chips in medical checkups. MY Medicare also makes a testing kit used to detect cervical cancer. It offers consultation for clinical and technical research and conducts training and seminars from research centers and plants in Shanghai and Beijing.

Key numbers for fiscal year ending December, 2010:
Sales: $54.1M
One year growth: 6.4%
Net income: $15.9M
Income growth: 62.8%

Officers:
Chairman: Yao Yuan
CEO: Chien Hoe (Henry) Yong
Secretary and Financial Controller: Kwong Wai (Kenny) Poon

Competitors:
3SBio
Beckman Coulter
Becton, Dickinson