| |
Genzyme to Build $90 Million R&D Center in Beijing
Sectors: Medical
Symbols: GENZ
Author
Related RSS Feeds
Genzyme Corp. (NSDQ: GENZ) became the first of the major US-based
biotechs to announce it would establish its own R&D center in
China. Genzyme will invest $90 million to construct a 200,000 square
foot R&D facility in Beijing’s Zhongguancun (ZGC) Life Science
Park. The center, expected to open in 2010, will eventually employ 350
people.
Besides its original Cambridge, Massachusetts R&D center, Genzyme
has also built an R&D facility outside the US in Cambridge, UK.
The Beijing facility will house laboratory-scale operations for the
MACI® (matrix-induced autologous chondrocyte implantation) cell therapy
and polyclonal antibody operations. Genzyme acquired the MACI cartilage
repair product in 2005, when it acquired Verigen AG. MACI supports a
less-invasive delivery method than Carticell, Genzyme’s current
cartilage repair product. A large-scale European trial is expected to
begin soon. Genzyme previously established a pilot program at Beijing
Wujing Hospital for MACI.
The Beijing center will also work on Genzyme’s other areas of interest,
including orthopedics, transplant and immune disease, oncology,
endocrinology and cardiovascular disease.
Genzyme currently markets two products in China: Synvisc® (hylan G-F
20) and Thymoglobulin® (anti-thymocyte globulin rabbit). It expects to
introduce additional products next year. Also, since 1999, Genzyme has
provided to free of charge to Chinese patients its treatment for
Gaucher’s disease, Cerezyme® (imiglucerase for injection). Gacuher’s
disease is a rare inherited genetic disorder that causes a deficiency
in the glucocerebrosidase enzyme. About 125 patients are being treated
in China through the Gaucher Initiative.
In 2007, Genzyme entered a collaboration with the China firm Sunway
Biotech Co. Ltd. Although Sunway Biotech focuses on cancer drugs, the
collaboration seeks to build on Sunway’s expertise in gene therapy to
find treatments for cardiovascular disease. Genzyme says it is
continuing to seek additional partnerships with China biopharmas.
Genzyme already has 25 employees working in its Beijing and Shanghai offices.
The Beijing facility will pay considerable attention to the principles
of green design. Designed by RMJM Hillier, it will feature a living
roof, solar thermal system for hot water, low-flow fixtures and walls
of glass to allow natural light. Genzyme will seek certification for
the building with the U.S. Green Building Council's Leadership in
Energy and Environmental Design (LEED) rating system.
Subscribe to Email Alerts  or RSS feeds  for articles from more than 300 contributors and press releases, SEC filings and full text news from thousands of sources.
Related Stories
Related Press Releases
- Genzyme Seeks U.S. Approval for Clolar® to Treat Adult AML
Nov 24, 2008 11:31 AM
- Genzyme and the International Center for Genetic Engineering and
Biotechnology Form Collaboration to Advance Treatments for Neglected
Diseases
Nov 17, 2008 04:10 PM
- Myozyme Produced at the 2000 L Bioreactor Scale to Receive Accelerated
Approval
Nov 17, 2008 09:40 AM
- Zacks Analyst Blog Highlights: CDC Corp., Isis Pharmaceuticals, Inc., Genzyme Corp., Priceline.Com and American Oil & Gas, Inc.
Nov 13, 2008 12:15 AM
- Genzyme and Osiris Partner to Develop and Commercialize First-in-Class Adult Stem Cell Products
Nov 04, 2008 07:46 AM
Releated SEC Filings
Bookmark This Article
Email Article
Send this article by email
 
|
|
|