Lundbeck to tap China's R&D, setting up own research center
For the first time, Danish drugmaker Lundbeck (LUN: DC) has established its own research center in China, getting much better access to capitalizing on the many research opportunities offered there. The company has not revealed how much it is investing in the project, but said that it will be set up in collaboration with the Investment Fund for Developing Countries (IFU), which has assisted Lundbeck with advisory services and funding.
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