CEC and WuXi AppTec Establish Joint Venture Company

Recently, CEC and WuXi AppTec announced the establishment of a joint venture company, Zhongdian Yaoming, to jointly cultivate the health care big data industry.The two companies will provide health care data solutions for pharmaceutical companies, biotechnology companies, insurance companies, government agencies, research institutes and other life science industry organizations based on medical treatment and prescription data to further promote the innovation and development of the medical industry to benefit more Chinese patients.

Based on the National Health Medical Big Data Service Platform and the National Health Medical Big Data Security Platform, Zhongdian Yaoming integrates WuXi AppTech's professional capabilities and rich experience in new drug development and large health industry, and strictly abide by the National Health Care. On the basis of laws and regulations related to big data security management and multi-dimensional data security, the company provides international partners with data collection, mining and analysis and processing technologies to provide partners with products and solutions ranging from research and development of drugs, post-marketing evaluation of efficacy, to the whole industrial chain of distribution and sales, integrated health and medical big data analysis products and solutions. Zhongdian Yaoming will help its partners to deepen the needs of chinese patients, accelerate the early launch of new drugs that patients urgently need, and strive to become the leader in China's health care big data industry.

“The establishment of Zhongdian Yaoming is an important layout of CEC in the field of health care big data analysis. Health medical big data is an important basic strategic resource of the country. The application development of big data will bring about profound changes in the health care model.WuXi AppTec is a leading open capability and technology platform in the global biomedical field. We are very optimistic about this cooperation with WuXi AppTec. In future, we will integrate technologies such as big data, cloud computing, and artificial intelligence to achieve deep integration of hospital, insurance, clinical, epidemiological and prescription data and R&D resources, and provide core data for international and local partners in China. The solution is to realize the beautiful vision of CEC to make people healthier and happier.”Li Shifeng, Chairman of CEC, said.

“This cooperation is an important measure for WuXi AppTec to deepen the medical big data industry, which will help us to integrate medical data and medical research and development resources efficiently, and provide more and more effective solutions for the big health ecosystem.”Dr. Li Ge, Chairman and CEO of WuXi AppTec, said. “We hope that through this collaboration, we will explore more accurate patient needs and more insightful health care data, empowering more doctors, scientists and health care companies, allowing doctors to better manage patients and patients can get better treatment, realize the dream that no hard medicine to make and no difficult disease to cure.”
As an expert with more than 20 years experience in the medical and health industry, Liu Anting, CEO of Zhongdian Yaoming, said: “Zhongdian Yaoming will become a very special joint venture. Through the strong combination of CEC and WuXi AppTec, Zhongdian Yaoming will have a leading position in the field of medical health big data analysis, promote the further development of the entire medical and health industry, and ultimately bring benefits to the majority of patients. We hope to work with other healthcare health big data, artificial intelligence and software companies to build a better future.”