AstraZeneca

AstraZeneca invests $100M in China research and development

Published in Lab Business Week, July 2nd, 2006

AstraZeneca announced its intention to invest $100 million in R&D in China over the next 3 years, focusing on the benefit and value of innovative medicines for Chinese patients.

The prime focus of this program will be the establishment of the AstraZeneca Innovation Centre China. The company has initiated a comprehensive search for an appropriate location for the Innovation Centre, which will be operational by the end of 2009. The Centre will focus on translational science by developing knowledge about Chinese patients, biomarkers and genetics. The initial therapeutic area for the Innovation Centre will be cancer, which is a major cause of death in China.

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Source: Lab Business Week (2006-07-02)

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