Abstract
Drug developments in the US and EU are becoming increasingly expensive and
time consuming, with new products typically requiring investment of over 4
years and $1billion from concept to commercialization. As a result, China has
emerged as an increasingly attractive option for companies aiming to reduce
such prohibitive investments in time and finance. Human clinical studies have
historically dominated outsourced R&D activities in China, with the country' s
relative lack of capital and expertise being insufficient to facilitate
technologically intensive discovery and pre-clinical work. However, an influx
of western-trained scientists and increasing access to global capital markets
are rapidly extending the development opportunities available to China' s
expanding base of pharma and biotech companies. ' Drug Development
Opportunities in China' is a new report published by Business Insights that
provides a comprehensive review of China' s drug development industry, both in
terms of expanding domestic markets and the country' s role as a third-party
provider of outsourced global drug developments. This report will examine the
methods of expansion adopted by China' s pharma companies, biotech developers
and CRO' s to increase the scale of their drug development operations, in
addition to identifying their therapeutic interests and development lifecycle
focus. It will also provide forecasts for drug development trends in China
over the next five years. Identify the factors attracting global drug
developers to China, assess future growth opportunities within the domestic
pharma and biotech markets and deploy outsourced R&D more effectively with
this new report...
Table of Contents
Executive Summary
- Introduction
- Pharmaceutical companies
- Biotechnology companies
- Contract research organizations (CROs)
- Future drug development in China
Chapter 1 Introduction
- Summary
- The current challenges of drug development
- The Chinese population and economy
- Growth trends
- Culture and business environment
- The Chinese healthcare system
- The Chinese drug market
- Traditional Chinese medicine
- Western-style pharmaceuticals
- Patent Issues in China
- Drug pricing
- Corruption and Bribery
- Counterfeiting
- The State Food and Drug Administration
- Drug development in China
- Initiatives for the domestic market
- Case study: AstraZeneca
- Over-the-counter remedies
- Initiatives for foreign markets
- Clinical trial recruiting advantages
- Conclusion
Chapter 2 Pharmaceutical companies
- Summary
- Introduction
- Local players
- Traditional Chinese medicine
- Foreign players
- Sales and R&D activities of leading foreign pharma companies, 2007
- Drivers of expansion in China
- Economic benefits
- Flexible research environment
- Animal Testing
- Stem cell research
- Growth constraints
- GMP compliance
- Recent developments
- Case study: Novo Nordisk
- Conclusion
Chapter 3 Biotechnology companies
- Summary
- Introduction
- Local players
- Foreign players
- Sales and R&D activities in of leading foreign biotech companies in China,
2007
- Drivers of expansion in China
- Increasing access to capital
- Public offerings
- Venture capital
- Direct investment
- Returning scientists
- Knowledge transfer from CRO work
- Support from Chinese-controlled drug developers abroad
- Growth constraints
- Constraints on foreign biotech activity in China
- Constraints on domestic Chinese biotech activity
- Recent developments
- Bird flu vaccine
- Monoclonal antibodies
Chapter 4 Contract Research Organizations (CROs)
- Summary
- Introduction
- The CRO industry
- The role of CROs in pre-clinical trials
- The role of CROs in clinical trials
- CROs in China
- Local Players
- Case study: WuXi PharmaTech
- Foreign CROs
- Case study: Bridge Pharmaceuticals
- Intermediaries and agents
- Drivers of expansion in China
- Cost advantages
- Returning scientists
- Government support
- Networking opportunities
- Growth constraints
- Pre-clinical testing
- Clinical testing
- Conclusion
Chapter 5 Future of drug development in
- China
- Summary
- Introduction
- R&D trends for the domestic market
- Domestic pharma R&D trends
- Pharma R&D expectations for 2008 and 2009
- Pharma R&D expectations for 2010 to 2013
- Domestic biotechnology R&D trends
- Domestic biotechnology R&D expectations for 2008 and 2009
- Domestic biotechnology R&D expectations for 2010 to 2013
- Domestic CRO R&D trends
- Domestic CRO R&D expectations for 2008 and 2009
- Domestic CRO R&D expectations for 2010 to 2013
- R&D trends for foreign markets
- Pharma R&D trends for foreign markets
- Expectations for 2008 and 2009
- Expectations for 2010 to 2013
- Biotechnology R&D trends for foreign markets
- Expectations for 2008 and 2009
- Expectations for 2010 and 2013
- CRO R&D trends for foreign markets
- Expectations for 2008 and 2009
- Expectations for 2010 and 2013
- Conclusion
Chapter 6 Appendix
- Primary research methodology
- Index
List of Figures
- Figure 1.1: Chinese population growth, 1950 - 2050 (est.)
- Figure 2.2: Growth of China' s pharmaceutical drug market, 2001 - 2006
- Figure 3.3: Growth of biotechnology products in China, 2001 - 2006
- Figure 4.4: Timing advantages of using a CRO, 2007
- Figure 4.5: Growth of CROs in China, 2001 - 2006
- Figure 5.6: Pharmaceutical sales in China, 2007 - 2013
- Figure 5.7: Proportion of R&D spending by type of product, 2008 and 2013
- Figure 5.8: Biotech product sales in China, 2007 - 2013
- Figure 5.9: CRO sales in China, 2007 - 2013
List of Tables
- Table 1.1: Ease of doing business in China compared with 174 other
countries
- Table 1.2: OTC Drugs in China, 2007
- Table 1.3: Advantages of working in China for pharma companies, biotech
companies and CROs
- Table 2.4: Characteristics of China' s foreign vs. domestic pharmaceutical
companies, 2007
- Table 3.5: Characteristics of China' s foreign vs. domestic biotechnology
companies, 2007
- Table 3.6: Recent public offerings of Chinese biotechnology companies
- Table 4.7: Summary of drug testing objectives by phase
- Table 4.8: Leading Chinese CROs, 2007
- Table 4.9: Leading foreign CROs operating in China, 2007
- Table 5.10: Effect of growth drivers on drug development sectors in China,
2007 - 2013