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Is Qingdao Baiyang Pharmaceutical Co., Ltd. a state-owned enterprise?
No. Qingdao Baiyang Pharmaceutical Co., Ltd. is a profit-making economic organization invested or controlled by natural persons and based on wage labor. It is a private enterprise, not a state-owned enterprise. Qingdao Baiyang Pharmaceutical Co., Ltd. (hereinafter referred to as "Baiyang Pharmaceutical") is a high-tech enterprise under Baiyang Pharmaceutical Group. As a high-end R&D and manufacturing platform for sustained and controlled release preparations, Qingdao Baiyang Pharmaceutical Co., Ltd. focuses on R&D and commercial production of advanced preparation technologies such as osmotic pump, pellet coating and matrix.
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