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AstraZeneca and CSPC form joint venture for biologics in China

AstraZeneca logoAstraZeneca
Sig2.55Sen+2.30Env0.00Soc0.00Gov+0.90
CSPC Pharmaceutical Group Limited logoCSPC Pharmaceutical Group Limited
Sig2.35Sen+3.10Env0.00Soc0.00Gov+0.25

AstraZeneca and CSPC Pharmaceutical Group will jointly set up a China-based joint venture, with capital contributions at 51% and 49% and shared responsibility for construction and day-to-day operations. The JV initially targets manufacturing and supplying agreed biologics drug substances for global markets, with future product scope and scaling subject to regulatory approvals.

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