Press Release

CH Biotech has been verified as a new pharmaceuticals company by Ministry of Economic Affairs

The Company had filed an application for verification as a new pharmaceuticals company to Ministry of Economic Affairs according to paragraph 2, Article 3 of “Act for the Development of Biotech and New Pharmaceuticals Industry”, and it has been verified by Ministry of Economic Affairs in the official letter 經授工字第11020418410號.
The company will be able to apply relevant incentive measures within Act for the Development of Biotech and New Pharmaceuticals Industry after obtaining the verification of a new pharmaceuticals company, which includes “Regulations Governing Investment Tax Credit Applicable to Shareholders of New Pharmaceuticals Company”, “Regulations Governing Investment Tax Credit Applicable to Expenditures of Research and Development and Personnel Training of New Pharmaceuticals Company” and “Guidelines for Issuance of Stock Warrants by New Pharmaceuticals Company Verified by Ministry of Economic Affairs”.