Date:3/1/2010

NASDAQ and are well established as companies that develop and market new medicines.  "This is an exciting time to have a biotechnology endeavor in Hong Kong.  The government and university system in Hong Kong have a powerful vision to translate research into a thriving biotechnology industry that connects to China and the rest of Asia.  aTyr Pharma and Pangu BioPharma are at the forefront of this effort and are pleased to have the ITC and HKUST as partners.  We particularly value the contributions of Professors Mingjie Zhang and Nancy Ip of the Biochemistry Department at HKUST, Angelina Yee of the IAS, and Matthew Yuen of HKUST's Research and Development group," says Professor Schimmel.  

According to Jeff Watkins, CEO of aTyr Pharma, "Pangu BioPharma is the model for a successful collaboration of government, university and industry partnership.  With the support of HKUST and funding from the ITC, we have attracted a highly skilled group of scientists and established a well equipped lab at HKUST using the latest techniques, such as next generation sequencing. The intellectual property being generated by Pangu BioPharma continues to reinforce our preeminence in the field of resectin biology and their therapeutic applications."

SOURCE aTyr Pharma

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