The Changping district of Beijing municipality has reached an agreement with Beijing State-owned Capital Operation and Management Co., Ltd to establish a medical and healthcare industry fund worth RMB 20 billion (USD 2.77 billion). This Beijing-based fund will focus on pivotal sectors including innovative drugs, innovative medical devices, and emerging industries such as cell and gene therapies and digital medicines.
According to Zhi Xianwei, the district head, the Changping district has 71 high-quality projects in the pipeline, encompassing innovative drugs, medical devices, digital medicine, and more, with a total investment value of RMB 18 billion (USD 2.5 billion).- Flcube.com
