China's biotech revolution supported by government
China, with its reformed priority review and approval processes, is supporting biotech revolution in the country and thereby allowing domestic drug developers to compete with well-established multinational counterparts.
Against this backdrop, China’s rise will result in more innovation and have the highest positive impact on the pharmaceutical industry in 2019, says data and analytics company GlobalData.
According to GlobalData, the number of cancer patients is on the rise in China and nearly 10,000 diagnosed melanoma cases were recorded in 2017. As a result, the Chinese government is eager to provide better and more affordable cancer care to its citizens.
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