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AutekBio, Suma Ventures and Beijing E-Town to invest in Asia’s largest CMO project
April 2010
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BEIJING—AutekBio Inc., SUMA Ventures and Beijing E-Town Harvest International Capital Management Corp., a venture capital group from the Beijing Municipal Government, announced in March a joint investment of more than $100 million to develop a new contract manufacturing organization (CMO) for the biopharmaceutical industry in China. The new joint venture will build an R&D and manufacturing center in southern Beijing to service international biologic developments, with combined volumes of bioreactors up to 20,000 liters in multiple production lines in Asia. According to the companies, the facility will provide to the international biotech arena high-quality, cost-efficient solutions in producing protein based medicines. The firm will also benefit from financial, regulatory and other supports from the Chinese government for the biotech industry.

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