Mayor Gavin Newsom on Monday announced the opening of the China Medical City representative office in San Francisco’s Mission Bay.
China Medical City, based in the city of Taizhou, is one of only four national-level biotech developments in China.
In 2009, ChinaSF signed a deal with the city of Taizhou to foster more business between China Medical City and Mission Bay.
The new office connects CMC’s 400-plus companies to Mission Bay’s leading companies in life-science innovation. Simultaneously, this office offers Bay Area companies a local representative to access growing opportunities in Taizhou.
“ChinaSF’s strategic efforts have helped to connect important economic opportunities between San Francisco and China,” Newsom said. “We welcome China Medical City to Mission Bay, our city’s center for biotech and life-sciences innovation, and look forward to building a productive and prosperous relationship between our two regions.”
China Medical City will open their offices at FibroGen’s Mission Bay building as part of the QB3 Mission Bay Incubator Network and located two blocks from the UC San Francisco’s Mission Bay campus.