China and Taiwan seek to cooperate in pharmaceutical industry

11 November 2014

Pharmaceutical companies from the Chinese mainland and Taiwan convened for the first forum on cross-strait industrial cooperation on Monday in Taipei, calling for further ties to boost mutual development, reports Xinhua, China’s official news agency.

The forum, co-organized by the Taiwan-based Institute for Biotechnology and Medicine Industry (IBMI) and China Pharmaceutical Innovation and Research Development Association, has set up a platform for pharmaceutical enterprises across the strait to deepen cooperation in new drug development and grab a larger share of the global market.

Chen Weijao, chairman of the IBMI, said Taiwan has many talents conducting clinical studies and novel drug R&D, accompanied by rigid regulation of pharmaceutical standards, while the Chinese mainland has a huge potential drug market.

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