The Week In Review: International Initiatives
There was a particularly strong
international flair to news from China biopharma last week. Almost all
of the stories (with just two exceptions) involved the crossing of
international lines. And not all of these stories involved money or
technology heading toward China. There was a definite reciprocity,
because some of the articles showed China companies expanding by
reaching out to markets outside their own borders.
Boehringer
Ingelheim of Germany became the latest big pharma to recognize that
future revenue growth was most likely to occur in emerging markets (see
story).
The company announced it will invest an additional $149 million in
China with the goal of increasing its market share in China and the Far
East. The company will use the money to expand capacity at its existing
drug production facility in Shanghai's Zhangjiang High-Tech Park, and
it will also establish an R&D facility there to develop vaccines
for viruses that are specific to the Far East.
Simcere Pharmaceutical Group (NYSE: SCR) (????) acquired the China rights to a dual-mechanism cancer drug from OSI Pharmaceuticals (NSDQ: OSIP) (see story).
Before marketing the drug, Simcere must first obtain regulatory
approval for OSI-930, and then it will produce and market the drug in
China. In the US, OSI-930 is also in early stage clinical development:
the drug has completed a Phase I trial.
The California
Institute for Regenerative Medicine (CIRM) and the Chinese Ministry of
Science and Technology (MOST) announced an agreement to collaborate on
stem cell research (see story).
The pact will make it easier to form cross-border teams that are
working in similar areas. If the teams' funding requests are approved,
the researchers in each country will be supported by their respective
agency, CIRM or MOST. The announcement was made this week, adding
details to a story that ChinaBio® Today originally broke late last week.
Next
month, CRO Shanghai ChemPartner will open a European headquarters
office in Denmark that will be known as ChemPartner Europe ApS (see story).
The office, which will function as a liaison to Europe's biopharma
industry, will be sited in Scion Research Park in Hørsholm, in the
outskirts of Copenhagen. This area is called Medicon Valley and is home
to many pharmas and service companies.
BioTime, Inc.
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