AstraZeneca steps up China push with new drug JV, to partner state-backed PE fund

AstraZeneca steps up China push with new drug JV, to partner state-backed PE fund

A sign is seen at an AstraZeneca site in Macclesfield, central England in this May 19, 2014 file photo. REUTERS/Phil Noble

Drugmaker AstraZeneca plans to turbo-charge its already substantial Chinese business through a new drug development joint venture with a state-backed private equity fund.

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