Yes Biotech Laboratories Opens Manufacturing Facility in China

Mississauga-based Yes Biotech Laboratories Ltd., a biopharmaceutical company that produces antibody products for research applications, has entered into a joint venture agreement with Pudong Science & Technology Investment Co., Asia Pacific Biotech Co. Ltd. and the Shanghai Science and Technology Investment Co. The joint venture company, the Asia United Antibody Medical Co. Ltd., has opened a manufacturing facility in Pudong, China. This new facility will carry out research as well as development of antibody medicines used to treat cardiovascular disease, cancer, SARS and other inflammatory diseases. Yes Biotech's initial investment in the joint venture company is US$6 million.

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