BioBAY Changshu is the flagship carrier for biomedical industrialization jointly established by Suzhou Industrial Park Management Committee and Changshu People's Government, located in the north of Changshu, by the Yangtze River, and 1-hour's ride to Shanghai. It was jointly invested and built by BioBAY Changshu Biomedical Industrial Development Co. Ltd., BioBAY and Changshu Advanced Material Industrial Park (AMIP).
Currently the master plan of BioBAY Changshu has been basically completed, the framework of the trunk roads have come into shape, the construction has begun for the customized factories and infrastructures in the self-built area, as well as the projects of Hisoar Pharmaceutical (new Jiangsu No.4 Pharmaceutical) and HKAPDNA, and the land acquisition procedures for Nano-Micro has also begun.
ChinaBio 2015 - Leadership Retreat, organized by ChinaBio and sponsored by BioBAY Changshu and Changshu Advanced Material Industrial Park, was held in Changshu on October 22-23, 2015, sending out the Assembly Call.
Mr. Pang Junyong, president of BioBAY as one of the investors of BioBAY Changshu, addressed nearly 200 elites of the biomedical industry at home and abroad with the welcome speech titled "Waiting from the Wind", saying 2015 is a very important year for innovations and the biomedical industry in China, the first of China implementing the strategic development driven by innovations and the year with the coming of the development wind of China's biomedical industry, and calling on the industrial elites to come to BioBAY and BioBAY Changshu and wait for the wind.
The following is the opening speech from Mr. Pang:
Good morning, everyone! First of all, I would like to welcome you to Changshu on behalf of BioBAY. BioBAY Changshu is a collaborative project between BioBAY and Changshu, and for the past 3 years, we have completed the construction of the infrastructures, and introduced many premium industrialization projects to settle in the Park. I believe most of the guests here know us well, so I will not spend much time introducing BioBAY and BioBAY Changshu today, instead, I will share some opinions on innovation with you.
Let's begin with a picture. Mr. Lei Jun, founder of Xiaomi, said a very famous sentence in 2005, "Standing in the draught, even a pig can fly". This year is the third time ChinaBio 2015 - Leadership Retreat was held in Changshu. I think this year is a very important year for innovations and the biomedical industry in China, so I begin my speech with the remark of Mr. Lei.
Naturally, to stand in the draught, the precondition is there is the wind. 2015 is the year with the coming of the wind, when the Central Government issued many policies and opinions on innovations. I boldly say here 2015 is the year of China implementing the innovation driven strategic development.
In March this year, CCP Central Committee and the State Council issued the opinions on accelerating implementation of the innovation driven strategic development, proposing the strategic orientation of talent as first priority and comprehensive innovations; and in May, the State Council issued the industrial planning of "Made in China 2025", to list the biomedical and high performance medical device industries as the important areas for the breakthrough development of the state. Such are the winds of the policies.
Also, I would like to boldly forecast the development of China's biomedical industry, and 2015 will also become a very important year. A couple of years later, everyone here may witness for me, I raised such an opinion in this meeting: 2015 will become the first year for the rise of the biomedical industry in China. Many things happened and many stories left this year. I will share with you 3 cases, to allow you to see the great changes in China's biomedical industry. We see many projects in BioBAY everyday, having the complicated feelings.
The 1st case is the privatization of Wuxi AppTec, the "Return", I prefer this term, making the innovations in new drugs and deployment in the entire medical industrial chain; the 2nd case is the IPO application submitted recently by BeiGene and Hutchison MediPharma to Nasdaq, planning to raise USD100 million; and the 3rd case is Innoventbio and Eli Lilly announcing their strategic alliance in this March, with the potential amount of cooperation up to RMB14 billion; and both parties entered the global development cooperation for 3 anti-PD-1 bispecific antibody drugs in October, with the total amount over USD1 billion.
We all know the internet industry today has become the No. 1 industry. It is interesting that the 3 most important companies BAT were all founded in 1999, so some people say 1999 is the first year of the development of China's internet industry. I believe 2015 is sure to become a very important year for the development of China's biomedical industry in the future, and it is the industrial wind.
If the wind comes, people for industries and innovations must be fully prepared and choose a draught to fly. Then where is the draught? Many places are deemed as the draught, but I think whether a place is a draught is not only subject to the government, but the joint efforts of the government and the industrial community, through integrating all the resources. I quite agree with Mr. Greg B. Scott. To develop the industry in China, all of you here are the genuine VIPs, and we should join hands to create the draught, and choose the right way to fly up.
I will also advertise for BioBAY here. BioBAY is definitely one of the draughts. Last week, Suzhou Industrial Park where BioBAY is located was approved by the State Council as the first comprehensive pilot area for opening and innovation in China. With such an opportunity, the Park will accelerate the construction of the opening type economic system and the internationally oriented opening and innovative system, with more policies for pilot programs supporting innovations. Such advantages and the clusters established by our companies will create more values.
Finally, thank you again for your coming, and we hope we will join hands to stand in the draught and fly when the wind comes. Thank you all!
Originally published on Biodiscovery
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