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China's Revolution in the Making
Informa Healthcare, March 2008, Pages: 12
At a crucial juncture in the evolution of China’s pharmaceutical market, this Scrip analysis takes a critical look at a multi-faceted healthcare sector, one that has presented challenges to multinationals and domestic companies alike, yet promises lucrative returns for firms that get their regional strategy right.
Key topics covered include:
- Overview of the Chinese healthcare sector in 2007; the social and political landscape; government medical-insurance systems - China's unique hospital-based health system; multi-tier hospitals; the resulting inefficiencies - The Chinese government's healthcare reform plan; experimental models; plans to achieve universal medical coverage - China's commercial pharmaceutical environment; leading domestic pharmaceutical companies; leading multinational pharmaceutical companies; multinational vs. domestic business strategies - China's growing influence in pharmaceutical R&D; key drivers - Regulatory reform; drug safety scares and the government's response; the drug registration procedure; drug recalls and good manufacturing practice (GMP) - Intellectual property (IP) protection; western company concerns; China's plans for alignment with international standards - Outlook for Chinese pharma; consolidation; new drug bidding and purchasing processes; the emergence of a Chinese 'Pfizer'?
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