China has witnessed a biotech boom over the past decade. Many biotech entrepreneurs felt a calling to reshape the drug industry in a country that has long relied on generics with dubious quality, where demand is growing for more innovative drugs to improve treatment outcomes that can match China’s climbing economy. These so-called “sea turtles,” armed with top-notch training from foreign institutions and experience at large multinational biopharma companies, set up their own shops in the hope of creating the next blockbuster drugs out of China. For anyone who wants to succeed at anything in China, government support is almost always necessary. Starting in 2015, Chinese regulators ushered in a slate of reforms, creating a more amicable environment for the biopharma industry to thrive. Click Here For Complete Article Text
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