Chinese pharma companies are quietly catching up

 31-Mar-17, China Money Network 

As Made-in-China products still suffer globally from the perception of being inferior knock-offs, the country has quietly made enormous progress toward enhancing its technology prowess on everything from artificial intelligence to advanced manufacturing. 

Image: China Money Network

Let's look at what China has achieved in healthcare technology, for example. The world could soon see the next innovative breakthrough drugs developed and made in China. Over 50 Chinese companies with world-leading drugs in their pipeline have entered or completed phase I and phase II clinical trials, while over ten companies have completed phase III trials.

Back in 2015, China surpassed Japan to become Asia's largest new drug developer with 147 pharmaceutical companies engaged in drug research and development.

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