UPDATE: Sanofi-Aventis to invest 100 million euros in new Chinese flu vaccine facility
French drug major Sanofi-Aventis has reached agreement with the Chinese authorities for its Sanofi Pasteur unit to build a facility for the production of influenza vaccine in Shenzhen, near Hong Kong. The project was announced by Sanofi's chief executive, Gerard Le Fur, during an official ceremony attended by China's President, Hu Jintao, and the French President, Nicolas Sarkozy, for the latter's state visit.
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