China's biopharmaceutical industry grows 30% annually

A few days ago, researchers from the University of Toronto, Canada, published a research report in the journal Nature-Biotechnology, stating that China's biopharmaceutical industry, especially genetic pharmaceuticals, is rapidly developing and may dominate the international biopharmaceutical industry.

The research team selected 22 small and medium-sized biopharmaceutical companies in China for investigation and research. Allegedly, the companies surveyed are quite innovative in scientific research. The results of the study show that China's biopharmaceutical industry has grown at an average annual rate of 30% in the past 10 years. In 2005, the domestic turnover has reached 3 billion U.S. dollars; there are already 15 kinds of medicines manufactured by bioengineering technologies in the Chinese market, and another 60 The species has been put into production.

Peter Singer, head of the research group, believes that China's biopharmaceutical industry is booming. He said: "China's biopharmaceutical industry has only been around for 10 years, but we were surprised to find that there have been many innovations in the Chinese pharmaceutical market. Sexual products."

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