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Boehringer Ingelheim to open vaccine R&D center in city
By Ding Yining |
March 12, 2012, Monday
|
Online Edition
Online Edition
GERMAN drug maker Boehringer Ingelheim said today it will invest 12 million euros (US$15.7 million) in an Asian Veterinary Research & Development Center in Shanghai to boost its animal vaccine business.
The research facility will be located in Zhangjiang Hightech Park and focus on developing innovative vaccines targeted at specific diseases among swines and poultry.
This is the first animal health R&D facility set up by a multinational drug maker in China and it's the third one for BI outside Germany and the United States.
"Boehringer Ingelheim is aimed at becoming a top four animal health company within 10 years driven by strong performance in the animal vaccine sector," aid Hubertus von Baumbach, Boehringer Ingelheim board member for finance and animal health.
The German pharmaceutical company is also in the final stage of talks with partners to set up a local manufacturing site for its vaccine products and the announcement will be made in the next few months.
"It's a natural progression for us to move the production site to a local market and in this way we can address local demands more quickly and flexibly," said David Preston, chairman and CEO of Boehringer Ingelheim Shanghai Pharmaceutical Co.
The research facility will be located in Zhangjiang Hightech Park and focus on developing innovative vaccines targeted at specific diseases among swines and poultry.
This is the first animal health R&D facility set up by a multinational drug maker in China and it's the third one for BI outside Germany and the United States.
"Boehringer Ingelheim is aimed at becoming a top four animal health company within 10 years driven by strong performance in the animal vaccine sector," aid Hubertus von Baumbach, Boehringer Ingelheim board member for finance and animal health.
The German pharmaceutical company is also in the final stage of talks with partners to set up a local manufacturing site for its vaccine products and the announcement will be made in the next few months.
"It's a natural progression for us to move the production site to a local market and in this way we can address local demands more quickly and flexibly," said David Preston, chairman and CEO of Boehringer Ingelheim Shanghai Pharmaceutical Co.
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