US biopharmaceutical services firm Parexel (Nasdaq: PRXL) has entered into a new collaboration with US pharma major Eli Lilly (NYSE: LLY) to launch a clinical research learning and development program in China.
The program will bring high-value training opportunities to China’s clinical trial sites and investigators, enhancing the execution of local clinical trials and driving innovation in China’s biopharmaceutical industry.
To encourage innovation in drug development, the Chinese government recently released a series of new policies for clinical research, resulting in a sharp increase in the number of clinical trials in China. According to China’s clinical trial registration platform, 1,258 drug clinical trials were registered and publicized for the first time in China in 2017, an increase of 62.66% compared to 2016.
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