Life Science Blue Bay opens with agreement for $2.3b project

en.lgxc.gov.cn| Updated: Sep 11, 2020 L M S

Life Science Blue Bay (Shengming Lanwan), a life science and technology industrial park in the Lin-gang Special Area, officially opened on Sept 10, according to local media.


Zhu Songzhi, executive deputy director of the China (Shanghai) Pilot Free Trade Zone of the Lin-gang Special Area Administration, and Yuan Guohua, chairman of Lingang Group, unveil the nameplate for the Life Science Blue Bay. [Photo/WeChat account: shlgguanweihui]

Agreements for more than 20 industrial projects with over 16 billion yuan ($2.3 billion) in investment were signed at the opening ceremony. The projects involve biomedical industries such as molecular synthesis, immune pharmaceuticals, cell therapy, vaccines, CDMO, CRO, and 3D printing.

At the opening ceremony, 10 experts were appointed to the think tank to help the new industrial zone develop. The strong alliance fostered by the upstream and downstream businesses will promote a healthier industrial ecosystem.

The Lin-gang Special Area has always attached great importance to solving key technical problems in the biomedical industry and building competitive biomedical industry clusters. More than 30 biomedical businesses have opened in Lin-gang this year, bringing in about 20-billion-yuan in investment.


Buildings in the Shengming Lanwan Life Science and Technology Industrial Park in the Lin-gang Special Area glisten in the sun due to their glass brick walls. [Photo/WeChat account: shlgguanweihui]

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