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News

Merck to build Nantong facility

20 November 2013
German company Merck is to build a Rmb650m pharmaceuticals plant in Nantong, Jiangsu province. When completed in 2017, the plant will produce medicines to treat diabetes, thyroid and cardiovascular diseases.

China’s biopharmaceutical industry is expected to grow strongly in coming years. Under the current five-year plan, the central government has set a target of at least 20 per cent annual growth for the sector between 2013 and 2015.

     
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