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Bay area harbor boasts 58 biomedicine firms

Jun 30, 2020

A total of 58 biomedicine enterprises have settled in Jinshan District's Bay Area Biomedicine Harbor, generating revenue of 7.8 billion yuan (US$1.1 billion) in 2019.

With an area of 7.74 square kilometers, the Bay Area Biomedicine Harbor is one of the five municipal-level biomedicine industrial parks in Shanghai.

Last October, Jinshan District government decided to hand out as much as 10 million yuan to support enterprises making innovative and new drugs in the harbor.

A biomedicine innovation and cooperative platform has been set up with 30 members, namely three hospitals, four colleges and 23 enterprises.