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The Week in Review: Joincare to Invest $157 Million in Antibiotic Facility


8/27/2012 10:14:18 AM

by Richard Daverman, PhD

August 25, 2012 -- Joincare Pharma will invest $157 million to increase its production of carbapenem antibiotics; the Chengdu Institute of Biological Products licensed technology to facilitate production of conjugate vaccines from Fina Biosolutions of Maryland; Golden Meditech will distribute in China a ThermoGenesis device that separates stem cells from cord blood; Tigermed Consulting signed a letter of intent to provide MSD China with clinical trial services for three years; PRA International, a global CRO, opened a second office in China; China’s revised Essential Drug List is now expected to include 700 drugs, up from 307 drugs currently; FortuneRock of the US received SFDA approval to begin China clinical trials of its long-acting formulation of Interferon-a2a; and Biostar Pharma received an Army New Drug Certificate for Zushima Analgesic Spray, a topical pain relief treatment. More details….

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Read at ChinaBio Today

   

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