Global Pharmatech announced that its wholly-owned subsidiary, Jilin Natural Pharmatech Group Co. Ltd., has established a joint scientific research entity, named Changchun Traditional Chinese Medicine (TCM) Technology Service Company, Ltd., with Changchun Science and Technology Enterprise Service Center, one of the divisions of the government's Changchun High-Tech Development Area.
Jilin Natural Pharmatech and Changchun Science and Technology Enterprise Service Center will work towards establishing a technology platform for research and development (R&D) of modernized TCM products under this joint
research entity.
This entity, Changchun TCM Technology Service Company, will receive local government support and funding. One of the main goals of Changchun TCM Technology Service Company will be to help companies discover and develop TCM based drug products in addition to supporting large-scale, government-supported herbal drug development projects within these other companies.
