July 2, 2011 -- China earmarked 2 trillion RMB ($309 billion) for science and technology in its 2011-2015 Five-Year Plan; Jointown Pharma and 360buy.com will form an online pharma JV to sell directly to consumers; Wuhan Kindstar Diagnostics raised $11 million to support its China laboratory testing service; MediciNova of San Diego formed a China asthma JV with Zhejiang Medicine; Harbin Gloria Pharma’s impending deal to acquire Heilongjiang Dilong Pharma has fallen apart; Microbix Biosystems of Canada put its China flu JV on hold; Boston Therapeutics out-licensed the China rights for an OTC glucose control treatment to Advance Pharma of Hong Kong; Walvax Biotech received board approval for a $112 million building project; and Sinovac Biotech of Beijing will begin a Phase II clinical trial of its EV71 vaccine. More details….
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