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Thanks to their much-improved innovation capabilities, Chinese pharmaceutical companies, especially those focusing on innovative medicines, are playing an increasingly important role in global new drug development, according to experts and business leaders.
Thanks to much-improved research and development capabilities, Chinese companies able to quickly develop a myriad of nucleic acid, antigen and antibody test kits after the outbreak of COVID-19 have seen a spike in orders for the products in recent months.
China's pharmaceutical companies need to align themselves with the national goal of high-quality development by improving the quality of drugs and optimizing their management and cost control methods, industry experts said.
Online sales of prescription medicines are bringing more conveniences to Chinese consumers, thanks to a slew of policies that are helping supervise the sector, experts said.