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BIO Welcomes Zhangjiang Hi-Tech Park and China Medical City

Chicago, May 05, 2010: BIO hosted a signing ceremony to welcome new members to the Biotechnology Industry Organization: Zhangjiang Hi-Tech Park and China Medical City.

BIO's CEO, President James Greenwood delivered the welcome speech. He highly praised Zhangjiang Hi-Tech Park and China Medical City for their contribution and success in developing China’s biotech industry. Their becoming members of BIO will serve as vanguard to other Chinese biotech companies and help current BIO members to interact with China. BIO will have its first BIO China International Conference in October 2010 in Shanghai. This will become a platform for relationship to grow. Mr. Lanzhong Wang, General Manager of Zhangjiang Biotech Base, Zhangjiang Hi-Tech Park spoke briefly at the ceremony. He expressed the excitement to be one of first two BIO members from China. He welcomes old and new friends to visit Shanghai. Mr. Rong He, Head of China Medical City advocated the uniqueness of China Medical City as the only city named after biopharmaceuticals in China. Occupying 30 square kilometers, CMC comprises five functional zones, including R&D, manufacturing, exhibition and trade, healthcare service, education, administration and related facilities. China has been striving to become an innovation country in biotechnology. Promoted by central and local provincial government, many biotech-based parks are established by governmental supported fund and land. Their main goal is attracting foreign companies/technologies into the park as well as establishing local Chinese companies within the park. Each park is competing to bringing in top-notch biotech and pharmaceutical companies. Delegates from other park members and members from China’s biotech and pharmaceutical companies attended the ceremony. BIO hopes this ceremony will be the first of many new entities from China to join BIO’s ranks.

Zhangjiang Hi-Tech Park

Zhangjiang Hi-Tech Park (Z-Park) is the oldest and most successful biotech park in China. It is located in Shanghai and it houses many western multinational firms in the biotechnology, pharmaceutical and chemical businesses.

The Zhangjiang Bio-pharmaceutical industry has formed a model of cluster development, which has also become one of the most prominent and concentrated regions with domestic and international R&D organizations, innovation and new drug development. Zhangjiang Life Science Cluster has formed a strong cluster with seven of the top 10 global multinational pharmaceutical companies setting up their R & D centers or headquarters in Zhangjiang. It plays an important role in creating an innovative drug R & D environment, and stimulates directly or indirectly the rapid growth of CRO business.

China Medical City

China Medical City (CMC) is located in the heart of Taizhou City in the Medical Hi-Tech Development Zone. CMC is positioning itself to become the country’s largest pharmaceutical, biotech, and medical equipment development zone, with cutting-edge support service and streamlined regulatory and registration processes. Considered a prime area for growth and stability, China Medical City is located on the Yangtze River only two hours from Nanjing and three hours from Shanghai.

By Xiangming Fang, eBioCenter (www.ebiocenter.com). Photo provided by Jiang Peng, China Medical City.

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