Sunday, January 21, 2018

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North Carolina Creates Biotech Gateway with China

Carolina Headlines - Bioscience

RESEARCH TRIANGLE PARK, NC – North Carolina biotech companies looking to increase business in China got a boost earlier this week when The Hamner Institutes for Health Sciences signed an agreement with the XY Group of China to create a bioscience gateway. The operation will help facilitate investment and trade between U.S. and Chinese biotechnology and pharmaceutical companies. A delegation of approximately 100 Chinese executives as well as Governor Bev Perdue, N.C. Secretary of Commerce Keith Crisco, U.S. Sen. Kay Hagan, U.S. Rep. David Price and other leaders attended the signing.

Governor Bev Perdue expressed North Carolina’s interest in increasing trade relations with China. She also announced that she will return to China in the fall to promote international business growth.

"Our purpose today is fairly simple: We want to learn how North Carolina can collaborate and build strong partnerships with you," Perdue told the delegation. "We need to know: What can our state do better?"

Dr. Yang Yunsong, CEO of the Beijing-based
XY Group, told those gathered, "This campus will be a very important gateway for Chinese companies that want to do business in North Carolina. We see a unique opportunity to advance the economic goals of both China and the United States in our partnership with The Hamner Institutes and North Carolina."

The biotech gateway will be established on the 56-acre Hamner campus in the Research Triangle Park. The plan includes a 150,000-square-foot research facility that is slated to open in 2013. This is part of an overall one million-square-foot expansion scheduled for the center. The biotech gateway is expected to create 400 new jobs by 2013.

Leaders from both countries emphasized that this operation will facilitate economic development in North Carolina.

"We now have a governor who understands why it's so important to have a strong trade relationship with China," said L. Duane Long, chairman of RTP-based Longistics, a logistics, transportation and warehousing company. "Ten years ago, China was about 10 percent of my work. Today it's 90 percent."

This is not the first partnership between the nonprofit Hamner Institutes and China. In 2009, The Hamner Institutes joined China Medical City in a multi-million dollar biomedical research partnership called The Hamner-China Medical City Institute for International Drug Development.

“If North Carolina is going to not just compete but thrive in a 21st century economy, we must build on relationships around the globe that will provide mutual benefit to both sides,” Perdue said. “What we’re doing today is paving the way for future development between our countries – development that may one day translate into jobs for our people. That’s what it’s all about: finding opportunities to position North Carolina for job growth and better, stronger investments for our future.”

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