Facing aggressive price cuts at home, Chinese biotechs must go global

19 January 2021

By Wang Fangqing

Chinese biotechs must keep their eyes on markets outside China if they want to survive and thrive, said speakers at the China Biomed conference held online on January 12.

“Prices cuts is a trend as authorities want to focus on affordability, but this brings great pressure on novel drug development, which entails a costly process,” said Sheng Zelin, chief executive at Suzhou-based Zelgen.

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