Hong Kong, February 28, 2020 – Avalon Global Holdings Limited (“Avalon Global” or the “Company”) today announced that its wholly-owned subsidiary, Avalon Biomedical (Management) Limited had entered into a co-operation framework agreement with the People’s Government of Pingshan District, Shenzhen, Guangdong Province, China and Xiangxue Pharmaceutical (“Xiangxue”) for the establishment of a company (the “Project Company”) to be engaged in the research, development, production and sale of public health materials in Pingshan District.
Initially, the Project Company will be involved in the following projects:
Avalon Global believes that the Project Company can demonstrate how to translate academic researches into viable solutions across the fields of biopharma, diagnostics and other areas of public healthcare. In particular after the recent COVID-19 incident, there is a great demand for solutions to prevent a pandemic. The Company is looking forward to the collaboration with the Pingshan Government and Xiangxue.
Founded in 2013, Avalon Global is a group of companies in Hong Kong focused on developing next generation healthcare solutions to benefit humanity and improve lives. We aspire to be Asia’s leading and most trusted life sciences company, driven by the commitment and dedication of our team of scientists, medical doctors, biotechnologists, professors and business professionals.
Avalon Global’s biotechnology incubation platform cultivates and translates ideas generated by Hong Kong talent into viable solutions across the fields of biopharma, diagnostics, medical devices and other areas of healthcare.
Our life sciences products and technologies evolve not only from innovative thinking and advanced science, but also from a deep understanding of individual and caregiver needs. We strategically collaborate with scientific and academic partners that support our innovations with forward-thinking research. Our leaders also bring years of industry experience, giving us a distinct advantage in identifying promising technologies and achieving commercialization success.
Our unique focus on Asian life sciences and our dedicated management team with highly relevant experience from around the world enable us to develop first-in-class healthcare solutions that can address unmet medical needs and make a global impact.
Further information can be found in Avalon Global’s website: www.avalonbiomedical.com/en/home