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

May 21, 2022

As monkeypox cases emerge in US and Europe, Bavarian Nordic inks vaccine order

Life sciences

A monkeypox outbreak is emerging in the U.S. and Europe, and at least one country is amping up countermeasure preparedness. Bavarian Nordic has secured a contract with an unnamed European country to supply its smallpox vaccine, called Imvanex in Europe, in response to the emergence of monkeypox cases, the Danish company said Thursday.

May 21, 2022

Moderna chairman Afeyan defends hiring practices after CFO debacle: report

Life sciences

Moderna’s recent chief financial officer debacle—in which Jorge Gomez departed on his second day on the job—raised questions about the company’s hiring process given its rush to global biopharma prominence. The most obvious one: How was it possible for Gomez to be hired when he was under investigation by his previous employer, Dentsply Sirona of Charlotte, N.C.

May 21, 2022

Merck to pay up to $1.4B in cancer deal with Kelun, but details are scarce

Life sciences

Merck & Co. is plucking a cancer project from the branch of Chinese-based Kelun Pharmaceutical for up to $1.4 billion, but details from the New Jersey-based Big Pharma have been hard to come by. The deal, first disclosed Monday on the Shenzhen stock exchange, has Merck handing over $47 million in upfront cash in exchange for ex-China rights to a “macromolecular tumor project.”