March 09, 2010

USA-China Venture Builds Largest Biologics Lab in Beijing

AutekBio, a Silicon Valley based biotech business with operations in China, will build Asia's largest biologic contract manufacturing organization (CMO) outside Beijing. The $100 million (US dollar) facility is financed by US and China venture capital firms. The labs will meet current US (FDA) and EU regulatory requirements and be able to handle multiple production lines for biopharmaceutical research and development....

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