The Week in Review: Quintiles, Inc. to Build China Headquarters in Shanghai

Published: Jun 25, 2012

by Richard Daverman, PhD

June 23, 2012 -- Quintiles will invest $14 million to build a regional headquarters for China in Shanghai’s Feng Lin Science Park; Ascepion Pharma of Suzhou out-licensed worldwide rights for an oncology drug candidate to Debiopharm Group™ of Switzerland; Gentris signed a MOU with the Shanghai Institutes of Preventive Medicine (SIPM) to collaborate on genomic biomarkers; NeoStem will divest its 51% interest in its China subsidiary, Suzhou Erye Pharmaceutical, for $12.3 million in cash; China Medical Technologies bondholders filed a petition to force the company into bankruptcy after it missed a payment; and Xiamen Innovax Biotech expects to launch Hecolin, its hepatitis E vaccine, in China later this year. More details….

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