A holding subsidiary of Menovo, Zhejiang Menovo Pharmaceutical Co., Ltd., was founded in 2005. It is located in the Shangyu Economic and Technological Development Zone, Hangzhou Bay, Zhejiang Province (National level) which is the center of urban circles of Shanghai, Hangzhou and Ningbo, adjacent to the Jiashao River-Crossing Bridge. The cover area is about 160,000 square meters. The business has obtained GMP certification in China, GMP certification in the EU, PMDA certification in Japan, high-tech enterprises, etc. It is one of the main core manufacturing hubs for Menovo APIs. The total industrial output in 2021 is about 420 million yuan.