Research

AstraZeneca Chooses China for R&D and AI Centers, $1B Biotech Fund

10 days ago   |   By Xconomy

AstraZeneca says it will establish centers for drug research and artificial intelligence development in China. The pharmaceutical giant has also set up a $1 billion fund to foster biotech innovation in that country. The move - which was announced at the China International Import Expo this week - will see the AstraZeneca found a global R&D center in Shanghai's central Jing'an district. The company currently operates R&D centers at its Cambridge, UK, headquarters as well as at sites in Maryland and Sweden. The new China facility will carry out R&D for innovative drugs, with the focus being...
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