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China makes major breakthroughs in pharmaceutical technology.

VietNamNetVietNamNet24/11/2023


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China is rapidly emerging as a new powerhouse in the global pharmaceutical industry.

With more than 10,000 major pharmaceutical research and production facilities, China currently ranks second in the world in the number of new drugs developed.

In particular, Chinese research institutions are focusing on developing innovative drugs, expecting to create significant changes in the industry, comparable to the breakthroughs achieved in high-tech industries.

With strong investment resources, scientific and technological advances and a large number of scientific researchers, China is emerging as a leading power in the field of innovative medical research.

Wang, director of the National Institute of Biological Sciences in Beijing and founder of biotechnology company BeiGene, which produces cancer drugs, stressed that Chinese researchers are now actively involved in the development of innovative drugs that can expand and speed up access to new medicines for more than 4 billion people worldwide.

The recent US approval of China's first biological drug for cancer treatment based on the immune cell receptor PD-1 is considered an extremely important step forward in the industry.

Toripalimab, developed by Shanghai Junshi Biosciences, is recommended to block the attack of malignant tumors and activate the immune system to fight tumors.

Wang noted that Chinese companies are constantly expanding into different research directions in the development of their research products, including gene therapy, cell therapy and various agent combinations.

That helps China's pharmaceutical industry to constantly create breakthrough inventions.

In addition, China actively “licenses overseas production”, allowing foreign companies to directly own the right to manufacture products developed in China.

This policy is the 'key' that helps China quickly gain international recognition for its newly developed advanced medical and pharmaceutical technologies.

China's rapid breakthrough in pharmaceutical technology will certainly make global pharmaceutical giants worried and may create changes in the global pharmaceutical market share in the future.

(according to Securitylab)

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