Low cost spearheads China drive into biotech – Ben Hirschler

From Reuters:

China aims to become a leading player in the fast-growing sector by capitalising on research costs that are one fifth those of Europe or the United States, a top official said on Monday.

In the past, the country’s drug industry has largely consisted of manufacturing cheap generics and producing traditional Chinese medicine.

Now the government is making biotechnology a priority, Professor Wang Hongguang, director general of the China National Center for Biotechnology Development, told a pharmaceutical conference in London.

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