China 2020: The Biotech Boom, Market Opportunities and the Impact of the Coronavirus

May 7, 2020 8:00 AM - 9:30 AM

Webinar, click "live-stream" button to view

There is a biotech boom happening in China. Once focused mostly on generic drugs, a dramatic shift towards innovation is underway today. A perfect storm of positive changes is catalyzing the ideal environment for this to take place:

- totally revamped China FDA – the National Medical Products Administration (NMPA) – has harmonized with global regulatory standards;
- new Hong Kong and Shanghai STAR Board stock exchange rules that provide listing venues for companies for the first time;
- government reimbursement (NRDL) of innovative medicines that is now happening with regular frequency;
- a clinical trial network with high quality standards is coming online. This may speed up and lower the cost of drug development in the future;
- world class science and leading-edge drug discovery that is reflective of the country’s large talent pool;
- huge growth of CROs and CMOs;
- an aging society that is looking for the best new medicines.
 

These developments are turning China biotech into a pillar of growth for the industry that can benefit both domestic and foreign companies alike. In December 2019, a new and startling factor came into play. The country began to battle an outbreak of a novel coronavirus known as SARS-CoV-2. China, WHO, nations globally and the collective biotech industry responded immediately to stem the spread of the disease and create therapies against it. It’s a lot of information to digest and understand regarding the market opportunity and impacts on our industry given all the recent news. Our forum is designed to bring you up to speed.

A panel of experts with on the ground and business experience in China will familiarize the audience with the current state of the biopharma industry there and novel approaches they are seeing to the market as well as the impact of the coronavirus. They’ll discuss what this means for the MassBio community and the US biopharma industry, what US companies from early stage to large pharma are doing to take advantage of the market and its investors, to collaborate with Chinese based entities and to maximize their chance of succeeding in this large and sometimes complicated market.

Sponsored by the MassBio Business Development and Finance forum working group.

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