MEDIA RELEASE PR41038
ScinoPharm to Invest in Tanvex Biologics
TAINAN, Taiwan, Aug. 31 /PRNewswire-Asia-AsiaNet/ --
ScinoPharm, a leading active pharmaceutical ingredient (API) developer and
manufacturer headquartered in Taiwan, today announced an investment into Tanvex
Biologics, Inc., a United States company registered in the State of Delaware.
ScinoPharm's investment was in the form of tangible assets, intellectual properties,
as well as cash.
Tanvex specializes in the development of biosimilars and biobetters, as well as
the provision of contract research and contract manufacturing services for biologics.
The company is currently establishing a cGMP facility in San Diego, California and
will have research centers in both the U.S. and Taiwan. Tanvex is founded by Dr.
Allen Chao, the founder and former Chairman and Chief Executive Officer of Watson
Pharmaceuticals, Inc.
Dr. Hardy Chan, co-founder and Chief Scientific Officer of ScinoPharm, will become
the Chief Executive Officer of Tanvex. Dr. Chao will remain as Executive Chairman of
Tanvex.
About ScinoPharm Taiwan
ScinoPharm Taiwan, Ltd. is a leading process R&D and API manufacturing service
provider to the global pharmaceutical industry. With research and manufacturing
facilities in both Taiwan and mainland China, ScinoPharm offers a wide portfolio of
services ranging from custom synthesis for early phase pharmaceutical activities to
brand companies as well as APIs for the generic industry. For more information,
About Tanvex Biologics
Tanvex Biologics, LLC is a US-based biopharmaceutical company specializing in the
development of biopharmaceuticals.
Media Contact:
ScinoPharm Taiwan, Ltd.
Sabrian Wu
Tel: +886-6-505-2869
Mobile Phone: +886-920-056-385
Email: sabrina.wu@scinopharm.com.tw
SOURCE ScinoPharm Taiwan, Ltd.
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