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Tianjin Sets Up Pharmaceutical Innovation And Technology Transfer Center

This article was originally published in PharmAsia News

Executive Summary

Tianjin Institute of Pharmaceutical Research (TIPR), Tianjin Centre for Drug Safety Evaluation and Research, and TIPR Pharmaceutical Responsible Co. Ltd. will jointly set up a pharmaceutical innovation and technology transfer center at the Binhai Hi-Tech Park in Tianjin. The 370-million-yuan ($51.5 million) facility is expected to generate up to 1.5 billion yuan ($208.9 million) of production value for its programs within three years of operation. The center will raise Tianjing city's drug R&D and technical service levels by stimulating beneficial interaction between scientific research and industry. The integration of innovation and technology transfer will greatly spur the development of bioengineering and pharmaceutical industries in the area. (Click here for more - Chinese Language)

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