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What to Watch in 2021 - Big Changes for Drug Companies in China | Kilpatrick Townsend & Stockton LLP


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For several years, China has been evaluating changes to its drug approval system to promote drug innovation and patient access to medicines. The year 2020 saw China begin taking steps towards adopting some of those changes. U.S. biopharma companies doing business in China, and those looking to do business in China, should start preparing now for the changes coming in 2021.
I. Economic and Trade Agreement Between the United States of America and the People’s Republic of China (Phase One) signed January 15, 2020 (the “Phase One Trade Agreement”)
The year 2020 began with China formally committing, in the Phase One Trade Agreement signed with the United States on January 15 ....

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