AstraZeneca Bets More Chips On China
Jun 28, 2006 12:03:00 PM
Posted by: Sara Gambrill
AstraZeneca is investing $100 million more in China over the next three years to build the AstraZeneca Innovation Centre China, an R&D facility to study the benefits of new drugs to Chinese patients. Already one of the most heavily invested in China among big pharma companies, AstraZeneca is further distinguishing itself as the leader there with this new commitment.
The Innovation Centre, expected to open by the end of 2009, will focus on translational science by building knowledge of Chinese patients, biomarkers and genetics. Initially, research there will target cancer, a major cause of death in China. AstraZeneca’s lung cancer drug, Iressa, has proved more effective in Asian patients than it has in Caucasians, and China is becoming an important market for sales...









