ROCKVILLE, Md. (AP) — One of China’s leading biopharmaceutical companies plans to invest $40 million in a new U.S. operation in Montgomery County.

Maryland Gov. Martin O’Malley made the announcement Thursday while on an economic development trip to Asia.

The company, Tasly Group, said in a release that it plans to open a 430,000-square-foot production facility and training center for traditional Chinese medicine in the Shady Grove Life Sciences Center in Rockville. The complex would create dozens of jobs over the next three years.

Tasly Group officials say they are preparing to conduct clinical trials of a traditional Chinese medicine product to treat and prevent coronary disease.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Comments (2)
  1. howardkrieher says:

    Gov. O.Malley is just like the prev. gov.’s, all the new office, top-notch companies, etc. locate either in Mont. or P.G. cty. I certaintly do not see any investment in Washington, Anne Arundel or, or Alleghany Cty.Montgomery Cty. gets the lions share of high -tech corporations from out of state or out of the country.Lets move some of those federal agencies to the western shore or western Md.Hardford Cty. usually gets the snack food , distribution type plants.,real exciting. H.K.

  2. independent says:

    might as well be close to all the people using the pharmaceuticals….

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