The signing ceremony for the Novolife biomedical project was held on July 21 in Tai'an, East China's Shandong province, Tarb.cc reported.

Novolife, set up by Professor Gu Yuchun, president of Institute of Regenerative Medicine at Aston University in the UK, is a high-tech enterprise based in Beijing which specializes in the clinical application of immune and stem cells.

The project will include a research institute, a genetic testing laboratory, a cell bank and a rehabilitation center.

Tai'an has made great efforts in recent times to support and grow its biomedical industry, attracting many high-level talents and enterprises in the process.