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Domain Associates and Elite Consulting Collaborate to Create and Invest in Life Science Companies in China
Date:3/13/2013

PRINCETON, N.J., SAN DIEGO and BEIJING, March 13, 2013 /PRNewswire/ -- Domain Associates, a U.S. venture capital firm investing in breakthrough life sciences technologies, and Elite Consulting, consultants and financial advisors to the Chinese pharmaceutical and medical device industry, today announced a partnership to bring the most advanced healthcare products and technologies to China.  The partnership called Domain Elite (www.meetdomainelite.com) will establish new companies and joint ventures in China that will provide Western companies the financing, regulatory, medical, and marketing support and infrastructure needed to bring their breakthrough products to China.  Target technologies will be mainly focused in the areas of pharmaceuticals, diagnostics, and medical devices.  The partnership is exclusive and is envisioned to be the source of multiple emerging businesses in China over the course of several years.

(Logo: http://photos.prnewswire.com/prnh/20130313/LA75490LOGO)

"The Chinese healthcare system has a great and significant need for best-in-class, innovative therapies and medical products," said Brian Halak , Ph.D., partner at Domain Associates.  "We see Domain Elite as the first partnership of its kind to create new companies by leveraging the resources of both China and the U.S.  These companies will bring the most effective new drugs and novel technologies to fulfill unmet medical needs and improve healthcare in China.  In the process, Domain will create its own investment opportunities in the rapidly expanding Chinese market."

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SOURCE Domain Associates
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