The Business Times
SUBSCRIBERS

Made in China: new, potentially lifesaving drugs

China is pushing to play a bigger role in the global drug industry, pharmaceutical innovation a national priority

Published Thu, Jan 4, 2018 · 09:50 PM

Shanghai

ONE new drug promises to stop cancer from spreading to other organs. Another would treat blood cancer. A third would use the body's immune system to kill tumors.

All three show encouraging results, and need just one more step to be approved for use in the United States. The drugs have something else in common: They were created in China.

For years, China's drug industry concentrated on replicating Western medicines. Getting new drugs approved was a frustrating and time-consuming process. Companies thought ploughing millions of dollars into research and development was risky and stuck to safer revenue streams.

The country is now pushing to play a bigger role in the global drug industry. Millions of people in China have cancer or diabetes, and the government has made pharmaceutical innovation a national priority. Officials have promised to speed up drug approvals, and to reverse a brain drain by luring scientists back home. The aut…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here