Pharmaron and AstraZeneca Enter Sweeping Partnership to Span Drug Development Services

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Pharmaron Beijing Co., Ltd, a leading Contract Research Organization (CRO) based in Beijing (HKG: 3759; SHE: 300759), has announced a comprehensive strategic partnership with the UK pharmaceutical giant AstraZeneca (AZ, NASDAQ: AZN). This collaboration will encompass the entire spectrum of drug development, including small molecules, macromolecules, and gene therapies, from discovery to pre-clinical and clinical development stages.

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In addition to this partnership, Pharmaron plans to invest an additional RMB 91 million into Wuxi AstraZeneca CICC Venture Capital. This investment aims to combine the companies’ industry-leading resources and global experience to foster innovation in medical enterprises and bolster the overall healthcare sector.- Flcube.com

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