The Hamner Institutes cements China pharmaceuticals partnership - Triangle Business Journal:

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Bill Greenlee, CEO of The said the partnership will help Chinesr companies develop products thatmeet U.S. Food and Drug Administration standards while also providing a gatewayfor U.S. companies wishing to ente r theChinese market. The institute will open its U.S. headquarter in existing space atThe Hamner’s campus in Researcbh Triangle Park, said Greenlee. As part of the partnership, The Hamner will establisbh a presence in ChinaMedical City. Newsummit Biopharma, one of companies locatedf in ChinaMedical City, is establishing a U.S. presencew at The Hamner’s biosciences accelerator.
The company has committef $5 million to the Triangle Business Journal that Greenlee was working to finaliz e the details of a partnershil with China Medical City that would resulty in The Hamner doublingin size, to 400 Greenlee said the China Medical City partnership and the new institutwe are separate from a planned expansion at The Hamner announced in Greenlee declined to offef projections on how many jobs the partnership could “We have the first company on we have a substantial seed investment of $5 he said. “I expect the numbers to keep Gov.
Beverly Perdue is scheduled to spea k during a signing ceremony recognizingf the partnership at The Hamner campus Wednesday The partnership with China Medical City has been unded development since Greenlee and China Medicalk City officials met duringthe ’xs convention last year in San Diego. Chinq Medical City is a research park outside the city of a port city of 5millionn people. Work there ranges from research and development tocontrac manufacturing. He Rong, president of China Medical City, said in a statementy that the research park has chosen only a select fewglobalo partners.
“We are pleased that The Hamner in Researcn Triangle Park is one of them and has joined with us to creatre a dynamic gateway to North Carolina and the United State s as we furtherdevelop China’s biomedical he said. Rick Williams, chief business office for The Hamner, said he expectzs the partnership to spur economic developmentr throughout the state by offeringy a connection for Chinese companies to do businesw inthe region. Williams said the impact should extend beyond the lifesciences industry. “It’s a ripple effectf that will affect other industries and it will affecg other communities inNorth Carolina,” he said.