VAX MAKER. Yisheng Biopharma Co. Ltd. chairman Zhang Yi (5th from left) meets with officials of the Board of Investments to discuss the company's investment plans in the country. Yisheng is also looking for potential local partners to operate in the Philippines. (Photo courtesy of BOI) MANILA - The Board of Investments (BOI) said Tuesday the agency met with Chinese global pharmaceutical firm Yisheng Biopharma Co. Ltd. to discuss the company's investment plans in the Philippines. Yisheng chairman Zhang Yi led the business delegation to Manila as the group also met with possible local partners here. The Chinese pharmaceutical firm is engaged in the development and commercialization of biotherapeutics for cancers and infectious diseases through its novel PIKA immunomodulation technology. The firm is operating in China, Singapore, and the United States. "In the meeting, Chairman Yi and the Yisheng team shared that the company is preparing to initiate Phase III [of its] global multi-center clinical trial for its PIKA rabies vaccine, and Phase II-III combined trials for its PIKA COV-19 vaccine," BOI said in a statement. BOI Executive Director for Investment Promotions Evariste Cagatan said Yisheng's investment plans in the Philippines are very timely as the BOI is collaborating with the Department of Health and the Department of Science and Technology for a vaccine self-reliance program by building the country's vaccine production capability. The government is also eyeing to start the vaccine self-reliance program with the manufacturing of coronavirus disease 2019 vaccines. BOI Executive for Industry Development Service Ma. Corazon Halili-Dichosa added that Yisheng may also look into establishing a manufacturing facility in the country by partnering with local firms or with the government through the National Development Company. "Yisheng can start its operation with the fill-and-finish business arrangement and eventually start formulation and expand its activities in other pharmaceutical manufacturing value chains - which the company acknowledged as a possible investment consideration," BOI added. (PNA) }

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China , Yisheng , Zhejiang , Manila , Philippines , United States , Zhang Yi , Ningxia , Singapore , Chinese , Evariste Cagatan , Corazon Halili Dichosa , Yisheng Biopharma Co , Department Of Science , Department Of Health , Industry Development Service Ma , National Development Company , Yisheng Biopharma , Investment Promotions Evariste Cagatan , Industry Development Service , National Development , Vax Maker Yisheng Biopharma Co Ltd Chairman Zhang Yi 5th From Left Meets With Officials Of The Board Investments To Discuss Company 39s Investment Plans In Country Is Also Looking For Potential Local Partners Operate Philippines Photo Courtesy Boi Manila Said Tuesday Agency Met Chinese Global Pharmaceutical Firm Led Business Delegation As Group Possible Here Engaged Development And Commercialization Biotherapeutics Cancers Infectious Diseases Through Its Novel Pika Immunomodulation Technology Operating China , Ingapore , Nd The United States Quot In Meeting , Hairman Yi And The Yisheng Team Shared That Company Is Preparing To Initiate Phase Iii Of Its Global Multi Center Clinical Trial For Pika Rabies Vaccine , Nd Phase Ii Iii Combined Trials For Its Pika Cov 19 Vaccine , Uot Boi Said Ina Statement Executive Director For Investment Promotions Evariste Cagatan Yisheng 39s Plans In The Philippines Are Very Timely As Is Collaborating With Department Of Health And Science Technology Fora Vaccine Self Reliance Program By Building Country Production Capability Government Also Eyeing To Start Manufacturing Coronavirus Disease 2019 Vaccines Industry Development Service Ma Corazon Halili Dichosa Added That May Look Into Establishinga Facility Partnering Local Firms Or Through National Company Quot Can Its Operation Fill Finish Business Arrangement Eventually Formulation Expand Activities Other Pharmaceutical Value Chains Which Acknowledged Asa Possible Consideration , Uot Boi Added Pna ,