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news.China PharmaHub, the majority owner of World Wide Relics, has formed a five-year cooperation agreement with the Sichuan Technical Exchange Center (STEC), a subsidiary of the Sichuan Provincial Science & Technology Department, to promote technological exchange and transfer between China and the US.
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PharmaHub is expected to represent the Sichuan government in seeking out biotechnology projects and the STEC will be helping PharmaHub and its partners in executing business ventures in Sichuan.
Under the contract, both the entities have agreed to jointly establish the technical exchange transfer service platform and STEC will coordinate with the Sichuan Provincial Government to ensure the signed technology transfer projects gain government support in policy making, strategic technological cooperation, and financing.
Richard Lui, CEO of PharmaHub, said: “We are thrilled with this opportunity. The Agreement with the Sichuan Technical Exchange Center represents a strategic opportunity for PharmaHub and its shareholders to increase awareness of PharmaHub while building relationships with existing as well as potential future pharmaceutical partners.
“We will immediately begin providing bio-pharmaceutical and medical device technology transfer projects to businesses and the Sichuan government. PharmaHub plans to introduce over 30 projects in bio-pharmaceutical and medical devices as well as co-sponsor conferences with the STEC to facilitate the execution of these projects.
“The Agreement also opens up significant strategic opportunities for PharmaHub to meet with pharmaceutical and medical device companies and explore possible business ventures.”
PharmaHub is engaged in the business of licensing, development and commercialisation of pharmaceutical and healthcare products and technologies between Chinese pharmaceutical companies and other pharmaceutical companies located worldwide, with initial emphasis in the US and Europe.
STEC is a professional institution under the Sichuan Provincial Government tasked with carrying out international technological exchange and transfer projects in Sichuan.