Chinese investors back $45m fund for biotech industry in South Australia

Chinese investors back $45m fund for biotech industry in South Australia

Pictured at the launch of the Adelaide China Biotech Investment Fund (from left): Stephen Rodda (University of Adelaide); South Australian Premier Steven Marshall; Leanna Read (TekCyte Pty Ltd); An LuFan (D&R Pharmaceuticals); JC Tan (University of South Australia).

Chinese drug developer D&R Pharmaceuticals has partnered a group of domestic investment companies to back $45-million fund to speed up the development and commercialisation of health and biotechnologies from South Australia for the global market.