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Sony Corp, Olympus Delay Medical Venture As Regulatory Approval On Hold-Reuters

Friday, 29 Mar 2013 02:32am EDT 

Reuters reported that Sony Corp and Olympus Corp have again delayed the start of a joint venture (JV) to develop medical equipment because they have yet to gain approval from some regulators. Plans by the Japanese companies to establish a joint venture to design and build medical devices have struggled to win approval in China, according to a source at one of the corporations familiar with the matter. Neither Sony or Olympus have said where they are still awaiting permission from regulators.