Sector News

Europe’s pharma chiefs seek stronger China ties

September 29, 2014
Life sciences
Heavyweights from the European pharmaceutical industry have concluded a successful trip to China, aimed at strengthening ties with the sector and government in the country.
 
A high-level delegation from the European Federation of Pharmaceutical Industries and Associations have just returned from Beijing, including president and Sanofi chief executive Chris Viehbacher, EFPIA director-general Richard Bergstrom and the heads of UCB and Merck Serono, Roch Doliveux and Stefan Oschmann. They took part in a public conference on ‘translational medicine in a global world and a workshop on transparency and good governance, as well as an industry regulatory symposium.
 
Mr Viehbacher noted that China’s growing life sciences sector “is paving the way for the country to become an increasingly influential player in drug development”, adding that the visit “marks an important milestone in fostering understanding between international health care leaders and promoting awareness about the advancements taking place” in China.
 
Dr Oschmann stated that China’s “commitments to reform healthcare and further develop a stronger biopharmaceutical sector go hand in hand”. He claimed that “to improve patient access to high-quality healthcare and to become a truly global innovator, China should continue to work towards creating an environment that supports innovation”.  
 
EFPIA notes that China’s pharmaceutical output has increased by 719% since 2000 and venture capital investments in the sector have grown from $7 million to $491 million over the same period. A growing number of global drugmakers have set up R&D centres in China over the last few years, including AstraZeneca and Novo Nordisk in 2002, Eli Lilly and GlaxoSmithKline in 2003 and Roche in 2004; since then, Pfizer, Sanofi and Johnson & Johnson have also established research bases there, among others.
 
The visit came days after GSK was ordered to pay £297 million to the Chinese government after having been found guilty of bribing doctors to prescribe its medicines.
 
By Kevin Grogan
 
Source: Pharma Times

comments closed

Related News

October 2, 2022

GSK names Julie Brown, a 25-year AstraZeneca veteran, its first woman CFO

Life sciences

Five years ago, GSK made headlines when it hired Emma Walmsley to become the first woman to run a major pharmaceutical company. Now the Big Pharma has brought in another woman to control the company’s finances. Julie Brown will be GSK’s next chief financial officer. Brown, currently the chief operating and financial officer at fashion and beauty brand Burberry Group, is set to replace Iain Mackay.

October 2, 2022

Moderna creates new launch preparation role, poaches Novartis exec as manufacturing lead

Life sciences

Moderna created a new role responsible for “building out the company’s organization to support its growing pipeline.” Starting first thing 2023, Juan Andres, Moderna’s manufacturing head, will step into this new role under the title president of strategic partnerships and enterprise expansion, the company said Thursday.

October 2, 2022

Torrent Pharma to acquire Curatio for $245.16m

Life sciences

The latest takeover is anticipated to boost the presence of Torrent in the dermatology segment. Indian company Torrent Pharmaceuticals has signed a definitive agreement for the complete acquisition of Curatio Healthcare for $245.16m (Rs20bn).