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Global Trade Alert

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United States of America: U.S. FDI screening authority has forced Chinese digital health company to divest from US health tech startup “PatientsLikeMe”

Description

According to several news reports on 4 April 2019, the U.S. Administration has ordered a U.S. health tech startup “PatientsLikeMe”, a patient social network, to find a new buyer because of national se...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

04 Apr 2019

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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