Lao Pharmaceutical Company BioSpring Manufacturing Unit Phase 1 Factory Officially Delivered

VIENTIANE, LAOS, August 19, 2022/ Vientiane Times/ -- August 18, 2022, Vientiane, Laos--BioSpring ("BioSpring Group.LTD" "BioSpring Group") announces Phase 1 of the manufacturing unit was constructed and delivered.

This time, the delivery of the manufacturing unit constructed according to the ICH¹-GMP² standard is the first step for BioSpring to serve global users.

With the strong support and joint efforts of the Vientiane government of Laos and the Saysettha Comprehensive Development Zone, the first phase of the BioSpring manufacturing unit was officially delivered. Next, BioSpring will focus on the development of precision therapy, antiviral products, and consumer brands. As one of the emerging pharmaceutical companies in Laos, BioSpring will make full use of the strategic opportunity period given by WTO to LDC³ member TRIPS⁴.

Sinapha xong,Chairman of BioSpring, said: "At present, although we are under the impact of the epidemic of the century, disruptive biotechnology, new therapies and new drugs are still emerging in advanced countries. At the same time, unmet medical needs still exist in developing countries. Opportunities and Challenges coexist.”

About BioSpring

BioSpring is a vertically integrated pharmaceutical company providing innovative solutions from formulation development to product commercialization. We aspire to lead by example and be a business that serves users around the world, and we will launch a range of affordable products that can be used globally.

Visit:www.biospring.ltd to know more information.

About Saysetteha Development Zone

The Vientiane Saysettha Development Zone (SDZ) is being developed into a low-carbon demonstration model by the Lao-China Joint Venture Investment Co., Ltd. (LCJV). Low carbon demonstration zones hope to address climate change and green and low-carbon transition, and boost regional cooperation with the PRC. 

The SDZ has a total planned investment of around $5 billion. Located in Vientiane, Lao People's Democratic Republic (Lao PDR), it spans an area of 11.5 square kilometers. Development plans include an industrial park and a new green township within the Lao PDR capital. The SDZ will be equipped with solar street lights, new energy vehicles, a comprehensive pipe network buried underground that automatically irrigates with reclaimed water, and portable monitoring equipment.  

The SDZ is one of the 10 low-carbon demonstration zones being developed by the People's Republic of China (PRC) in developing countries. The PRC and Lao PDR signed a memorandum of understanding on cooperation in the construction of low-carbon demonstration zones on 16 July 2020. The LCJV is a joint undertaking of the of the Yunnan Construction Investment Holding Group and the Vientiane Municipal Government.  

Visit: www.greatermekong.org to know more information.

Forward-Looking Statements

To the extent applicable laws and regulations, expressions such as "plan," "target," "expect," "forecast," and similar expressions appearing in this press release are forward-looking statements. The forward-looking statements set forth herein involve a number of risks and uncertainties that may differ materially from actual results. Important factors leading to such differences include, but are not limited to, changes in regulations and/or economic conditions, uncertainty in clinical research results, exposure to various market risks, and other factors beyond the control of the company.

Proper noun references:

1. ICH：The International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use
2. GMP:Good Manufacturing Practice
3. LDC:Least-developed country
4. TRIPS:Trade-Related Aspects of Intellectual Property Right

Source: BioSpring Group.LTD