Abcodia announces partnership with the Wuxi National High-Tech Industrial Development Zone
I·Campus is an innovation incubation platform offering services in R&D, commercialization and professional services in the life science industry for domestic and foreign companies looking to establish or expand their presence in China. From this location, Abcodia will work collaboratively with AstraZeneca and other partners in a life science innovative ecosystem to establish its ovarian cancer screening technology in China.
China represents a significant market opportunity for Abcodia, especially in the context of the recently published ‘Healthy China 2030 Strategy’ which has a focus on the implementation of cancer prevention, promotion of early screening, early diagnosis and early treatment, reduction of cancer morbidity and mortality, and improvement of the quality of life of patients. Recent data released from the China National Cancer Centre (NCC)1 reaffirmed 17,000 deaths from ovarian cancer in 2015 and 34,000 new cases diagnosed annually. Recurrence of ovarian cancer occurs in over 70% of treatment of all patients, and prolonged illness is painful and treatment is very costly.
Dr Julie Barnes, CEO Abcodia said, “Choosing the I·Campus as a strategic location for our business in China is an important step forward for Abcodia. China’s Healthy China Strategy aligns well with Abcodia’s early cancer detection strategy and we are excited to be able to gain momentum from being located so strategically on I·Campus to facilitate our commercialization goals.
Mr. Zhu Xiaohong, Deputy Director of WND said “After years of investment, WND has developed a strong foundation in the Life Science industry and we are delighted that Abcodia has decided to land on I·Campus to develop their China business from here. They are one of the first 10 companies to land on I·Campus and as such they will benefit from our focused support as they establish their China business here.”
Leon Wang, Executive Vice President, International and China President of AstraZeneca, said “The vision for I·Campus is to develop an innovation ecosystem that supports foreign companies develop their business in China. We are delighted that Abcodia has decided to co-locate on I·Campus close to AstraZeneca, where they can benefit from our support in commercialization expertise and global networked resources. AstraZeneca has a shared interest in improving outcomes for ovarian cancer patients and we are excited to work together.”
Dr Andy Richards, CBE, Chairman Abcodia added, “China has an ambitious vision to implement early detection of and screening for cancer, and this makes it an exciting place to be introducing Abcodia’s world leading early detection product for ovarian cancer, which results from major UK investment in clinical research. The supportive environment being created by the I·Campus team, AstraZeneca and WND make it the ideal location for Abcodia.”