Sino-Russian biological reagents venture signed
The contract on Sino-Russian diagnosis reagents venture project was formally signed in the Changzhou national high-tech district of Jiangsu Province of China. Both parties will cooperate to research and develop enzyme-linked immunosorbent assay reagent and biological chips.
The cooperation is based on a capital contribution by the Chinese party, Changzhou Fangyuan Pharmaceutical and a technological patent from Russia's IMDi Co. The former will make use of the existing technology of IMDi to produce enzyme-linked immunosorbent assay reagents and biological chips. According to the contract, the products will be put into production in the Changzhou high-tech district and introduced to the market this year.
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