国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

China / Business

WuXi PharmaTech helps boost Philadelphia's biotech sector

By Amy He (China Daily) Updated: 2017-06-27 07:58

When WuXi PharmaTech bought AppTec Laboratory Services Inc in Philadelphia for $151 million in 2008, it became one of the biggest foreign investors in a city where biotech was a hot sector.

Since the acquisition, WuXi AppTec, as the company is now known, has become one of the biggest job creators with a staff of approximately 400. This will increase to 600 in a few years.

The company has three buildings in the Philadelphia Navy Yard, a former naval shipyard for almost 200 years, and has additional offices in St. Paul, Minnesota, and Atlanta.

"We've had quite a bit of impact economically in Philadelphia-we've added at least 200 jobs since acquiring AppTec," said Felix Hsu, senior vice-president of WuXi AppTec.

"The other thing is that Philadelphia is starting to think of itself as a biotech hub, part of the reason is that there are academic centers for gene therapy, and there's academic expertise (here in the area)," he added.

That is leading to companies coming into the city to do business, and firms such as WuXi AppTec to further invest in the area by setting up infrastructure.

The company provides a range of research services, from biologics-like gene therapy, which is the manipulation of missing or defective cells to correct genetic disorders-to supporting the development of medical device products, such as testing for material and product efficiency.

Hsu confirmed that the biotech research that WuXi AppTec is conducting is a booming sector in China with increased demand for medication and health services.

"There is huge investment in China in this area, where companies are setting up testing and biologics," he said.

"The Chinese market is growing much faster. The US is already a developed market, but in China, as a new market, fast growth is possible," he added.

Most of the company's research and expertise is still based in the United States, which is why WuXi PharmaTech, with its headquarters in Shanghai, found value in investing in AppTec and acquiring it, according to Hsu.

In a statement announcing the acquisition nearly a decade ago, WuXi PharmaTech touted the purchase as a way for it to gain a "significant US operational footprint".

"Most of the expertise in advanced therapy is US-based. A few years down the line, that expertise might be more global. China, for one, is getting much better with research and development," Hsu said.

"WuXi is willing to work in the US for strategic advancements," Hsu added.

"We think globally, where is the expertise located? If it's in Europe, we'll go to Europe. If it's in the US, we go to the US."

AppTec's established brand was also important to WuXi, especially in a highly sensitive field such as biotechnology, where scientific patents and research are closely guarded. ?

Highlights
Hot Topics

...
乐昌市| 汝城县| 玉屏| 荃湾区| 马龙县| 蕲春县| 绥化市| 锡林浩特市| 拜泉县| 屯门区| 吉水县| 子洲县| 乐安县| 银川市| 高淳县| 澄迈县| 佳木斯市| 涞源县| 新乡市| 吐鲁番市| 夏津县| 宣威市| 故城县| 南漳县| 同心县| 交城县| 瑞昌市| 金堂县| 三江| 临江市| 衡山县| 湄潭县| 沧源| 虎林市| 鄄城县| 阆中市| 巴青县| 南涧| 沧州市| 巴彦县| 平潭县|