AstraZeneca invests in Taiwan to push clinical studies
AstraZeneca (LSE: AZN) last week unveiled a three-year investment plan in Taiwan.
The Anglo-Swedish pharma company, which has no R&D and manufacturing facilities on the island, will pour 1 billion new Taiwan dollars ($32.6 million) in the next three years to support clinical studies, aiming to introduce 10 new drugs in Taiwan by 2021, according to the company.
The investment, which was the largest so far made by biotech companies in Taiwan, “focuses mainly on clinical research and trials across four therapeutic areas: oncology, cardiovascular, renal & metabolism, and respiratory,” read the statement sent to The Pharma Letter.
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