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The numbers behind China’s pharma rise

For decades, China was known for producing cheap copycat drugs and ingredients for large pharmaceutical firms. But it now has its own cutting-edge drug industry, creating opportunities and competition for big pharma players like Swiss firms Roche and Novartis. China’s biopharmaceutical industry has long been characterised by its fast-follower nature and large-scale manufacturing base – that is, replicating proven therapies, producing generic medicines at scale, and supplying lower-margin inputs into global pharmaceutical supply chains. Innovation was predominantly driven by US and European firms. But this has changed in the last decade. Drugs discovered by Chinese companies, such as cancer therapy ivonescimab are beating Western-developed blockbusters in head-to-head trials. Others like blood cancer treatment zanubrutinib (Brukinsa) developed by BeOne Medicines are achieving annual sales in the single-digit billions. “In just three years, China’s biopharmaceutical industry rose ... Full story here Are you the author?
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