April 8, 2011 -- On Wednesday, brand-new startup Ascletis made a big news splash by announcing it raised $100 million to begin operations. In an exclusive interview with ChinaBio® Today, CEO and Co-Founder, Jinxi Wu, PhD, told us his company is well-situated to succeed. Plus, it already has support in place to make the $100 milllion go further. “We have grants from the park [Hangzhou Hi-Tech Park] and local government,” “They pay a percentage of R&D expenses with a cap. We expect to get similar grants from provincial and national governments,” he said. More details....
