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Report: China looks to biopharma

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Boston Articles
February 08, 2012|By Chris Reidy

Greater Boston prides itself on being a biopharmaceutical hotbed, but a new report suggests that the Chinese are also keenly interested in the life sciences industry.

The report is from Lux Research, a Boston-based firm that seeks to provides strategic advice and intelligence for emerging technologies.

Commenting on the report, a Lux Research press release said, “A clutch of promising Chinese companies in the formulation and delivery (F/D) market underlines the emergence of the Asian giant as a center for biopharma innovation and entrepreneurship, even as Western pharmaceutical companies continue to enjoy technological and business advantages.”

Many of these companies are headed up by “Hai Gui” --- Chinese executives who trained in the West and who are comfortable with the idea of competing with Western companies, noted Kevin Pang, a Lux Research director and the lead author of the report.

According to the report, Lux analysts found that Chinese firms are rapidly gaining on the West.

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