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China, Cuba to launch biotech venture
Friday, October 20, 2006
HAVANA, Cuba (AFP): Cuba and China have agreed to launch a biotechnology venture to develop neurotechnology products in China, official Cuban media announced Thursday.
Raul Morgalo, deputy chief at Cuba's Neurosciences Institute, and Xihong Wu, a representative of the University of Beijing, signed a letter of intent on the deal after two-day bilateral talks here, the Cuban Communist Party newspaper Granma reported.
The venture will be the third between the two countries. The first two biotech ventures produce and market products from Cuba's Molecular Immunology Center and its Biotechnology and Genetic Engineering Center.
China is communist Cuba's number-two trade partner after Venezuela, and a main source of its credit.
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