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Pharma Execs: China Slowly Returning To Growth But Uncertainty Remains

MNC Q4 Highlights

 
• By Brian Yang and Dexter Jie Yan

Just how dynamic is the China market for multinationals? AstraZeneca is seeing growth returning while Pfizer is finding it challenging to estimate Paxlovid demand, Sanofi is encouraged by volume gains and GSK is predicting a "sizeable" rebound. Top executives from Novartis and Roche also shed light on other challenges facing global pharma firms in the world's second-largest pharma market as they reported annual results.

Poring Studio/Shutterstock.com
MNCs see China growth returning but COVID impact lingers • Source: Shutterstock

In recent annual earnings calls, executives from multiple multinational pharma firms shared varying views on the operating environment and growth prospects in China, a market that remains dynamic but challenging following the government's abrupt dismantling of strict "COVID Zero" policies.

The impact of these is still lingering and and a pricing pressure overhang also remains.

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