Peli BioThermal announced the opening of its first network station in China yesterday. Located in Shanghai, the new network station will serve worldwide customers of the Crēdo™ on Demand rental program.
China is a growing sector in the global market for manufacturing and distribution of pharmaceuticals, including as the leading producer of active pharmaceutical ingredients and a top producer of generic drugs. According to the International Trade Administration, China’s pharmaceutical market value reached almost $134 billion in 2018 and is expected to grow to $161.8 billion by 2023.
Learn more about why Shanghai is home to China's first network station in our most recent news release.