Dezhan Healthcare (SHE:000813) signed a cooperation agreement with Chinese Academy of Engineering's academician, Yang Baofeng, to establish an academician expert workstation in the company's affiliated enterprises, according to a Shenzhen Stock Exchange disclosure on
The workstation will develop drug and health products for the cardiovascular and cerebrovascular, tumors, metabolic system diseases, pulmonary hypertension, neurology and psychiatry fields.
The agreement is valid for five years but can be extended upon negotiation, the Chinese healthcare company said.
The company's shares closed less than 6% lower.
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