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China National Biotech Group’s Joint Venture with Innova Medical Group
December 15, 2021 Sonia Carcano
Bird & Bird has successfully advised China National Biotech Group on its investment to establish the joint venture company with Innova Medical Group in Singapore, to produce and distribute CNBG’s COVID-19 vaccines in Singapore and further in ASEAN countries.
Pasaca Capital Inc, the private equity firm that owns one of the worlds largest COVID-19 test providers, Innova Medical Group, Inc., and Sinopharm’s China National Biotech Group), one of the largest vaccine producers in the world, announced yesterday the establishment of a global joint venture – Sino-Innovax Biotech Pte Ltd.