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Pharmaceutical firms eye expo
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Leading pharmaceutical companies will be taking part in the second China International Import Expo and introduce more anti-cancer drugs to the Chinese market.
Several enterprises, including Pfizer Biopharmaceuticals Group, Roche Pharmaceuticals and Merck Sharp & Dohme, introduced the drugs yesterday that they will exhibit at the November expo in Shanghai.
Wu Kun, country lead of Pfizer China Biopharma, said the company will introduce several medicines including Ibrance used by advanced-stage breast cancer patients. Pfizer has been in the Chinese market for 30 years and has invested over US$1.5 billion in China, setting up four advanced production facilities and two research and development centers, and introducing over 60 drugs.
Roche Pharmaceuticals China said it will have a 700-square-meter booth at the expo to display their new products and the latest technology in the fields of breast cancer, influenza and cancer immunotherapy.
The company’s first R&D center in emerging markets made Roche the first transnational pharmaceutical company to build a fully owned R&D center in Shanghai.
Roche said two of its anti-cancer drugs had been submitted for the coming round of price negotiations in China and waiting for approval to be included in the national reimbursement drug list. Some of the costs of the medicines on the list are paid by the Chinese government to cut the financial burden on patients.
Meanwhile, Johnson & Johnson said they saw China as an important base to promote R&D and had noticed that a lot of innovations in the pharmaceutical industry came from China.
MSD said that it will take up a booth covering nearly 800 square meters at the expo where it will showcase drugs, vaccines and animal health products and services that it hopes will support the country’s “Healthy China 2030” plan, said Zhang Likun, head of strategy and business planning of MSD China.
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