"Here is a breaking news update. This morning, the medical exoskeleton equipment developed by our country's technology company, Fei Yang Company, officially received marketing approval from the National Medical Products Administration and can now be launched on a large scale..."
Just after the Lunar New Year, while people across the country were still immersed in the Spring Festival atmosphere and unwilling to return to work, school, or labor, a breaking news report on the national Seven O'Clock News set the country ablaze.
The first to bear the brunt was the violent turbulence in the stock market.
Before retail investors could even react, the shares of many listed medical device companies began plunging, with YuYue Medical and Mindray Medical taking the hardest hits.
YuYue Medical and Mindray Medical were also dumbfounded. They never imagined that a company engaged in basic materials research and information technology research would suddenly enter the medical device field. This was practically a death sentence for them.
In the medical device sector, domestic development over the past few years could be described as taking small but rapid steps, and some achievements had already been made.
Among them, YuYue Medical and Mindray Medical had been the most prominent.
However, even combined, the two were still nothing more than small fry when compared with foreign medical device companies, nowhere near their level.
Now that Fei Yang Company, which had been enjoying tremendous domestic momentum, suddenly entered the medical device sector, it naturally dealt the two companies a severe blow.
After coming to their senses, both companies were deeply frustrated, realizing they had suffered collateral damage!
The products they manufactured were not exoskeleton equipment. They made ventilators, clinical testing equipment, digital imaging, radiological imaging, and similar products. They could not exactly be said to have no connection to exoskeleton equipment,