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

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

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Add to Calendar 5/7/2020 8:00:00 AM 5/7/2020 9:30:00 AM China 2020: The Biotech Boom, Market Opportunities and the Impact of the Coronavirus

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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Webinar, click "live-stream" button to view
Chairman and CEO, Xontogeny
Chris Garabedian founded Xontogeny in June of 2016 to support multiple promising technologies from early development through clinical proof of concept. In 2017, Chris joined Perceptive Advisors to develop their Venture Fund strategy and launched the Perceptive Xontogeny Venture Fund in 2018 to support early stage companies seeded and incubated at Xontogeny and other ventures. Chris has a broad base of experience and a track record of success over his decades long experience in the biopharma industry. Chris served as the President and CEO of Sarepta Therapeutics from 2011 to 2015, overseeing the turnaround of a company that is now a commercial stage leader in the genetic technology space after leading the development of the company’s Duchenne Muscular Dystrophy program. Prior to Sarepta, Chris led Corporate Strategy for Celgene from 2007 to 2010. Prior to Celgene, Chris served in a number of global commercial and corporate development leadership roles at Gilead from 1997 to 2005. Chris serves on a number of Boards of life sciences companies and speaks at industry conferences on a wide range of important issues. Chris is also on the Board of Directors of MassBio and serves as a Senior Advisor for the Boston Consulting Group.