|
|
Article: There's still bite to China's biotech sector despite bearish stock market - VCs.
- Article from:
- China Business News
- Article date:
- July 10, 2008
CopyrightCOPYRIGHT 2008 Gale acknowledges Publisher's copyright in the text of the Publication and shall place users of that text on notice of that copyright interest. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
There's still bite to China's biotech sector despite bearish stock market - VCs
By Cecilia Xu Shanghai. July 10. INTERFAX-CHINA - China's stock market may have plummeted by 58 percent since October last year but venture capitalists have not been put off from investing in China's pharmaceutical industry, investors said at the ChinaBio Investor Forum 2008.
"A look at the general trends of the Chinese stock market suggests a rally in future," said Wayne Li, general project manager of Morningside Technologies, an investment firm with a focus on China. "Stock market dips have no effect on our investments at all. We are still very actively looking for any ...