Environmentally Responsible Site to Significantly Increase Company's
Presence in China
CAMBRIDGE, Mass., April 22 /PRNewswire-FirstCall/ -- Genzyme Corp. (Nasdaq: GENZ) announced today that it will build a major new research and development center in Beijing. The initiative is an important element in Genzyme's ongoing global expansion and commitment to establishing a long-term presence in China.
The new facility will be used for research and development activities involving many of Genzyme's key areas of focus, including orthopedics, transplant and immune disease, oncology, endocrinology and cardiovascular disease. The facility, which will feature an innovative green design, will also include laboratory-scale operations for the MACI(R) (matrix-induced autologous chondrocyte implantation) cell therapy and polyclonal antibody operations.
"This new site represents a major step forward in our effort to improve the lives of patients in China by introducing innovative new medical products," said Henri A. Termeer, Genzyme's chairman and chief executive officer. "As we expand our presence in China, we look forward to making a significant contribution to the growth of the country's life sciences industry."
Genzyme already markets Synvisc(R) (hylan G-F 20) and Thymoglobulin(R) (anti-thymocyte globulin rabbit) in China, and is preparing to introduce additional products next year. The company also has a pilot program at Beijing Wujing Hospital for the cell therapy product MACI. Genzyme currently has 25 employees working in offices in Beijing and Shanghai.
Since 1999, Genzyme has provided its rare genetic disease treatment
Cerezyme(R) (imiglucerase for injection) free of charge to Chine
|SOURCE Genzyme Corp.|
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