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Invests $25 million in pipeline and manufacturing plant
November 16, 2012
By: Tim Wright
Editor-in-Chief, Contract Pharma
Innovent Biologics, Inc. is investing $25 million to continue the expansion of its pipeline and manufacturing capabilities in Suzhou, China. The financing is provided by Lilly Asia Ventures, part of Eli Lilly, and from Fidelity Biosciences and Fidelity Growth Partners Asia. Innovent currently has a GMP pilot plant for the production of clinical trial material and is building a new campus in Suzhou. It will include laboratories and offices, and will house a commercial manufacturing plant with...
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