China Biopharma completes capital investment in ZT Biotech
China Biopharma has completed its capital investment to Zhejiang Tianyuan Biotech. CB owns 65% of the joint venture and its partner, Zhejiang Tianyuan Bio-Pharmaceutical Co, owns the remaining 35%. In June 2006, the Chinese government approved ZT Biotech for developing and distributing biopharmaceutical products, especially human vaccines. The firm currently distributes flu vaccines throughout major hospitals and clinics in China.
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