Singapore, Aug. 22 -- In furtherance to the country's initiatives towards strengthening the pharma and healthcare industry, the Philippine Economic Zone Authority (PEZA) and AstraZeneca Pharmaceuticals (Phils.) Inc. (AZPH) have entered into an agreement to further investment promotion initiatives and for the creation of a local innovation hub, seen to strengthen the country's pharmaceutical and healthcare innovation landscape.

Under the agreement, PEZA and AstraZeneca will further enhance the country's investment promotion initiatives, making the Philippines as a priority destination for healthcare-related investments. AZPH will help attract both local and foreign investors by facilitating business forums, investment briefings, B2B match...