Home > News

US biopharmaceutical company to build manufacturing site in Wuxi

Updated : 2018-11-20
(chinadaily.com.cn)

US biopharmaceutical company to build manufacturing site in Wuxi

CASI Pharmaceuticals enters into a framework agreement to build a state-of-the-art manufacturing site in Wuxi Huishan Life Science and Technology Industrial Park on Nov 17. [Photo/hsxw.huishan.gov.cn]

CASI Pharmaceuticals, an American biopharmaceutical company, entered into a framework agreement to build a state-of-the-art manufacturing site in Wuxi Huishan Life Science and Technology Park, a leading science and technology innovation center in China, on Nov 17.

CASI is dedicated to the development and delivery of high quality, cost-effective pharmaceutical products and innovative therapeutics to patients in China and further afield.

The facility will be designed and constructed based on global cGMP requirements and is expected to have the capacity for large scale production. The facility will be a key asset supporting CASI's growth and commercialization plans, with further agreements to be finalized and site construction to begin in mid-2019.

Huang Qin, acting mayor of Wuxi, said that the government will give full support to the facility and try to refine the policies on innovative medicine.

He Wuwei, executive chairman of CASI, said that "As a Wuxi native, I'm excited to about moving forward with building our own manufacturing site as part of our supply chain here."

"The facility is a core component of our long-term growth strategy as it will give us significantly greater capacity in order to meet the company's commercial needs, and will allow us greater control over quality, cost of goods and production schedules." He added.

The registered capital of the new facility is $150 million and it is supposed to attract other leading generic drug makers to develop in Wuxi, aiming to deliver high quality, cost-effective pharmaceutical products and innovative therapeutics to Chinese patients.

8.03K
Videos
 

International students experience city glamor

IoT expo displays latest technologies in Wuxi

In pics: Take comfort from clear blue sky

Exhibition marks PRC's 70th anniversary

News
Specials
Sports
Videos
Photos
Business
Policies
Industries
Development Zones
Enterprises
Biz Updates
Travel
Maps
Attractions
Dining
Accommodation
Specialties
Shopping
Entertainment
Transportation
Culture
Heritage
Museums
Events
In focus
Services
Visa
Marriage
Healthcare
Jobs
Education
Useful Info
About
Overview
Districts
Statistics
Government Officials
Sister Cities
E-books
Copyright © 2017 China Daily. All rights reserved.
Sponsored by Wuxi Municipal Party Committee Information Office.
Presented by China Daily.
备案号:苏ICP备14054684号-2