Hangzhou’s Attractions Play Big Part In New Pfizer China Investment

The Hangzhou Economic Development Area has become a highly attractive spot for global pharmas to establish an expanded presence in China, as its integrated platforms, high quality talent pool and incentives help develop a powerhouse of high-end manufacturing. Pfizer’s $350m decision to join the industrial cluster for a new biotech center follows on from others including MSD, Lilly and Bayer.

SHANGHAI – China’s Hangzhou Economic Development Area (HEDA) has seen accelerating landing of overseas capital and investment projects in recent years, with the development of a new “medical port” that has attracted five of the top 10 global pharmaceutical giants, including most recently Pfizer Inc., which has just invested in a major new biosimilars center.

The Pfizer Global Biotechnology Center, a $350m investment deal signed with the local government in September last year, is located at the eastern high-tech industrial park in the area, an integrated biopharmaceutical

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