AstraZeneca: invests $2.5bn in R&D centre in Beijing
(CercleFinance.com) - AstraZeneca has announced a $2.
5bn investment in Beijing to establish its sixth global strategic R&D centre, the second in China, after Shanghai.
This project is part of a strategic partnership with the Beijing Municipal Government and the Beijing Economic and Technological Development Zone Administration.
The five-year investment includes research agreements with biotechs Harbour BioMed, Syneron Bio and BioKangtai.
The R&D centre will be located in Beijing's BioPark, close to biotechs and research hospitals. AstraZeneca also plans to create 1,700 jobs in Beijing.
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