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$14m Handout Anyone? Shanghai Offers Raft Of New Biopharma Incentives

 
• By Brian Yang

Shanghai issues a new set of policies and financial incentives designed to support and speed up regulatory and commercial activities in the biopharma sector, in a comprehensive stimulus package for companies based in the major Chinese city.

Shanghai skyline
Shanghai's policy aims to encourage innovative biotechs to go global. • Source: Shutterstock/chuyuss

As much as CNY30m ($4.1m) will be made available to Shanghai-based biopharma companies conducting domestic Phase I, II or III clinical trials under a new set of support policies for the sector announced by the major Chinese city’s municipal government.

The official policy document, Support For Biopharma Sector Full-Chain Development, issued on 30 July, is designed not only to encourage local biotech companies to conduct domestic clinical studies, but

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