China Pharma Embraces AI Tools Amid Globalization Challenges

Plus, Senior EU Leaders Seek Level Playing Field

The Chinese biopharma industry is eager to use the latest artificial intelligence technology to boost efficiency and lighten workloads, as companies deal with drastic change and look to improve their understanding of foreign markets. Meanwhile, senior European leaders called for a level playing field during a recent visit to China.

Panelists discuss going strategy during CIIBC, March 30, 2023
Panellists discuss globalization strategy at the China BioMed Innovation and Investment Conference on March 30 • Source: Brian Yang/Scrip

Chinese drug makers are in a race to embrace the latest artificial intelligence technology in a bid to make up for a general lack of understanding of the overseas markets they are increasingly targeting.

From major players such as Shanghai Fosun Pharmaceutical (Group) Co., Ltd. to biotech startups like VelaVigo, the country's biopharma companies are seizing a rare opening to quickly boost efficiency...

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