Fast-Growing China Pharma Industry Still Has Long Way To Go: Experts
This article was originally published in PharmAsia News
Executive Summary
China's pharmaceutical industry is growing rapidly and attracting foreign companies interested in innovative drugs, but it is still at a nascent stage, according to some experts.
China's pharmaceutical industry is growing rapidly and attracting foreign companies interested in innovative drugs, but it is still at a nascent stage, according to some experts. One biotechnology analyst said China still lags far behind in innovative content, but an academic expert said the huge investments in the industry would come together eventually as multinational drug makers continue to focus on the nation's potential. Another academic expert estimated China is five to 10 years from having a local pharma industry that begins to look like that of the U.S. (Click here for more
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"China's Big Pharma Makes Strides" - Shanghai Daily (China) (4/22/2013)