MEIFUMillion Element Integral Field Unit
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Under the agreement, the new venture, called Fibrocell Science Asia Co Ltd, will have access to Fibrocella[euro](tm)s intellectual property, clinical data and manufacturing processes, with Meifu covering the costs for the construction of a plant in Hefei, as well as its operations, commercialisation, research and development activities.Fibrocell said the deal will allow it to sell its products through strategic distribution channels in Asia, as well as to take advantage of low business costs and available production resources in Hefei.
Meifu develops and sells anticancer intermediates, generic drugs, dietary supplements and medical devices for beauty treatments.Country: China, Sector: BiotechnologyType: JVStatus: Agreed
US biotechnology firm Fibrocell Science (OTC:FCSC), a developer of novel skin and tissue rejuvenation products, said it had teamed up with Chinese Hefei Meifu Bio-Tech, to form a joint venture focused on development and sale of autologous fibroblast therapies in Asia, including Japan.