Novartis Pursues ‘Invented In China’ Goal At New Shanghai Hub
This article was originally published in PharmAsia News
Helped by Shanghai’s supportive policies to attract talent to back its transformation into a global innovation center by 2030, Novartis recently opened its global third-largest R&D center in the city, as part of a strategy to develop new compounds locally for the worldwide market by tapping into local expertise.
You may also be interested in...
In a major show of force, four global pharma CEOs are heading to China to participate in high-level open and closed-door discussions that are expected to include a range of policy and regulatory reform topics. Tapping into China’s push to improve health and develop an innovation-driven economy may provide new openings for their voices to be heard.
Life science and pharma companies have been actively investing in Asia over the past month as they look to increase regional manufacturing capacities to tap into burgeoning markets and meet rising demand for new technologies, biologics and high-quality products, while Chinese firms have also been expanding their international presence.
Continuing with a double-digit growth rate, China remained a leading driver for Sanofi’s global business in the fourth quarter. Going digital and building local partnerships emerged as key themes for Sanofi China to explore more opportunities, although it may face testing problems for its vaccine business in the country.