60 % of China’s R&D funding is in 6 cities and provinces

Of the 1.03 trillion RMB spent on R&D in China in 2012 (+18.5 compared to 2011), Jiangsu, Guangdong, Beijing, Shandong, Zhejiang and Shanghai spent 600.98 billion yuan, accounting for 58.4% of the total national funds. Basic research contributed 49.88 billion...

Amgen and Betta Pharmaceutical Co. to form joint venture.

The company will be located in Hangzhou, Zhejiang Province. Among the products for joint development and marketing are Vectibix, a humanized EGFR antibody for the treatment of colorectal cancer but requiring genetic subgroup analysis China Bio press release, Sept. 26,...