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China outpacing Europe in drug innovation and development, Pfizer executive says (www.reuters.com)

submitted 1 week ago by schizoidman@lemmy.zip to c/world@quokk.au

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cross-posted from : https://lemmy.zip/post/66691506

China has become a major source of new medicines and clinical research, ‌reshaping the global pharmaceutical-industry landscape, Pfizer Chief International Commercial Officer Alexandre de Germay said at an event hosted by industry lobby group the European Federation of Pharmaceutical Industries and Associations (EFPIA).

"Today, 40% of all clinical studies in oncology in the world are in China," de Germay said. "The volume of ⁠innovation that is coming out of biotech in China is just amazing."

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[–] nosuchanon@lemmy.world 3 points 1 week ago

Not surprising. An epi pen in the US costs 600$. Pharma is the epitome of greed.

[–] Miller@lemmy.world 3 points 1 week ago

Probably have something to do with Western pharmaceutical research prioritising profit over medical advancement.

[–] lath@lemmy.world 2 points 1 week ago

My pharmaspeak is rusty, so this is just a loose translation. Apologies in advance: "China does a ton of illegal and immoral shit for cheap. Why won't you let us do the same here? Think of the profits!"