December 3, 2011 -- China released its 12th Five-year Plan for Medical Technology, setting a long list of broad goals to be accomplished by the end of 2015; the World Health Organization certified the quality of the SFDA’s vaccine supervision, opening a huge market for vaccine makers; China intends to increase the benefits of its healthcare reform; Huahai Pharma will raise as much as $204 million through a private placement; Regeneron and Bayer have begun a China Phase III trial of their treatment for wet AMD; Ascletis was nominated for InVivo’s Exit/Financing Deal of the Year award; Sihuan Bioengineering is suing Vitapharm Technology of Australia over a patent dispute; Haibin Pharma received a EU-GMP certificate from Germany for meropenem bulk drug; and LDR was granted SFDA approval to market two spinal device systems. More details….
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