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Costa Rica: Tourism, jungles and medical devices?
September 16, 2010

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St. Jude Medical will open a production facility in the Alajuela, Costa Rica, to make heart valves. The facility will be located within El Coyol, a state-of-the-art, free trade zone catering specifically to life sciences and other technology companies. The company plans to invest an estimated $670 million in Costa Rica and hire up to 2,000 employees in the next five years.

The medical device industry first discovered Costa Rica in 1987, when Baxter set up a manufacturing facility. Today, medical devices accounts for almost 10,000 employees from the likes of Hospira, Boston Scientific, Koros, St. Jude Medical, Hologic, Arthrocare, and Allergan. In addition, the country has a variety of medical product suppliers, contract manufacturers and sterilization providers.