November 26, 2010 (FinancialWire) (http://www.financialwire.net/) — China Medical Technologies, Inc. (CMED) said that it has signed a strategic collaboration agreement with Standard Chartered Bank and that the company's wholly-owned subsidiary, Beijing Yuande Bio-Medical Engineering Co., Ltd. has signed a strategic collaboration agreement with Guangdong Development Bank.

Under the terms of the respective agreements, Standard Chartered China plans to provide US$25 million of credit facilities to the company and GDB intends to provide RMB300 million of credit facilities to Beijing Yuande.

China Medical said that the credit facilities will support the corporate development of the company and Beijing Yuande.

China-based China Medical Technologies is an IVD company using molecular diagnostic technologies to develop, manufacture and distribute diagnostic products for the detection of various cancers, diseases and disorders.

The company said it generates all revenues in China by selling diagnostic consumables including FISH probes, SPR-based DNA chips and ECLIA reagent kits to hospitals, which are recurring users of the consumables for their patients.

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