Beijing aims to build Asia’s biggest CMO
You can never accuse the Chinese of thinking small. The latest: A Chinese consortium is planning to build Asia’s largest contract manufacturing base in Beijing. The $120 million project is slated for the Beijing Yizhuang Development Zone, an area that already houses more than 100 biopharma ventures. Contract manufacturing has been growing by leaps and bounds as pharma firms look for ways to boost efficiency and cut costs. By outsourcing manufacturing, drugmakers can more easily scale production to demand. And to save money, companies are increasingly looking at moving manufacturing work to Asia, where low labor costs make production
