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Where Is The Reward? New Drug Developers See Red In China

 
• By Brian Yang

A new report on China’s pharma innovation ecosystem paints a grim picture of negative market returns for many novel drugs despite shortened review timelines and government calls to encourage innovation.

A lack of timely and adequate reimbursement, nominal post-launch product sales, and a large number of copycat products have made new drug innovation a tough proposition in China.

Reimbursement for novel new drugs in particular has been severely lagging in China, where of 384 new products launched to the market during 2003-15, only 20% (76 products) have been...

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