Qinhuagdao Government Signed a Strategic Cooperation Framework Agreement with CSPG (China Shijiazhuang Pharmaceutical Group)PHARMA
CSPG PHARMA willConstruct a Base of Biological Research and Development and a Base of Medicaland Health Care Industry in Beidaihe New District
Translator:Hu Zhili, Proofreader: Shao Lijun
Source: Qinhuangdao Daily
On the morning of June 28th, Qinhuangdao government signed a strategic cooperation framework agreement with CSPG PHARMA. Both sides will conduct in-depth cooperation in the aspects of stem cell research and development, immune cell therapy technology and industrialization, and medical and health care industries, so as to take advantage of the aspects such as clinical research, technology research and development, industrial development, and personnel training, which will create Qinhuangdao into an important base of biological research and development and medical health care industry of CSPG PHARMA.
According to the cooperation agreement, CSPG PHARMA will invest 2 billion Yuan to build a base of biological research and development and a base of medical and health care industry in Beidaihe New District. The project will include a base of stem cell drug research and development and a base of Sino-German medical health care industry, which is expected to achieve an annual sales income of 5 billion Yuan and an annual profit tax exceeding 1 billion Yuan.
CSPG PHARMA is a "national innovative enterprise" and has a domestic first-class high-tech drug incubation base --- the Central Pharmaceutical Research Institute. CSPG PHARMA has become one of the leading domestic pharmaceutical companies. (Liu Jun, Xue Fei)