This week, Hubei Guangji Pharmaceutical Co. Ltd. (SH: 000952) held the ceremonial laying of a foundation stone for its major new biopharmaceutical industrial park in Dajin Town, Wuxue, Hubei Province. Guangji Pharma plans to invest between 2.5 and 3 billion RMB (about $400 million) in the park over the next six to eight years. The company’s new facility will do R&D on products including vitamins, amino acids and steroid drugs. More details...