A New Member in SIP Bio-pharmaceutical Industry
A foundation laying ceremony was held for Santen Pharmaceutical (China) Co., Ltd. on the east of Jinji Lake, SIP, on July 13, attended by Mr. Zhou Weiqiang, Member of Standing Committee of CPC Suzhou Municipal Committee and Vice-mayor of Suzhou.
The Japanese-owned Santem is a well-known pharmaceutical enterprise and a leader in ophthalmology prescription drugs with a history of over 100 years. The company possesses the largest and most advanced ophthalmological drug manufacturing facility in the world. The newly invested Santen Pharmaceutical (China) Co., Ltd. will chiefly be engaged in R&D, production, and sales of prescribed eye drops with a total investment of 6.9 billion yan on an area of 30,000 square meters and constructed area of 7,700 m,2, to be put into operation by 2009 with an anticipated capacity of 20 million bottles of eye drops.
Presently, there has been a cluster of nearly 50 foreign-invested medical and pharmaceutical enterprises in SIP, totalling one billion USD in investment capital, covering medical apparatus, health protection equipment, bio-pharmaceuticals, and drug development and research, forming an important production base of China's pharmaceutical industry.
July 14, 2006