Innovation, Prevention And Technology Transfer - China Releases Five-Year Plan For Medical Technology
This article was originally published in PharmAsia News
Likely winners include new drug, medical device and traditional Chinese medicine manufacturers, according to analysts.
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China's State Intellectual Property Office (SIPO) is drafting a new regulation on "service innovation" to encourage companies and researchers in the country to raise their investment in, and the conduct of, innovation. However, the move may also have an impact on the soaring drug discovery industry in China as it will mean higher payments to inventors with knock-on effects on local drug discovery and CROs.