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Fosun launching incubator with Yale professor

July 13, 2017 11:17 PM UTC

Shanghai Fosun Pharmaceutical Group Co. Ltd. (Shanghai:600196; HKSE:2196) said it will invest RMB500 million ($73.5 million) to establish a "technology innovation incubation platform."

Tian Xu, who is vice chair of genetics and a professor at Yale School of Medicine (New Haven, Conn.), will serve as chairman of the incubator's academic board, and will be responsible for its operation and management. He is also an investigator at the Howard Hughes Medical Institute (Chevy Chase, Md.) and adjunct professor and director of the Institute of Developmental Biology and Molecular Medicine at Fudan University (Shanghai, China)...