wuxi biologics salary

Stephen Ezell, “How the Prescription Drug User Fee Act Supports Life-Sciences Innovation and Speeds Cures” (Information Technology and Innovation Foundation, February 2017), http://www2.itif.org/2017-pdufa-life-sciencesinnovation.pdf?_ga=2.188093096.1236498136.1546543725-719207280.1528225744; United States General Accountability Office (GAO), “FDA Drug Approval: Review Time Has Decreased in Recent Years” (Washington, D.C.: GAO, October 20, 1995), http://www.gao.gov/assets/230/221919.pdf; Jenkins, “CDER New Drug Review.”. [257] NIH Director Francis Collins, in a letter to grant institutions, wrote, “NIH is aware that some foreign entities have mounted systematic programs to influence NIH researchers and peer reviewers and to take advantage of the long tradition of trust, fairness, and excellence of NIH-supported research activities.” The Chinese 1000 Talents program also supports this effort, as one key qualification for the Chinese government offering incentives to scientists to come back to China is access to IP. For instance, the United States’ introduction of the world’s first R&D tax credit in 1981 played a catalytic role in spurring greater levels of private-sector R&D. Sci China Life Sci (October 2016), vol.59 no.10, 1075. N For over a decade, the Chinese government has targeted biopharma as a key industry for development. [32] However, China is making faster progress in some cutting-edge areas. [12]. In the first 3 months of 2018, Chinese-based venture-capital funds invested $1.4 billion into U.S. biotechnology companies. U.S. Congress, Office of Technology Assessment, Technology Transfer to China, (Washington, D.C.: U.S. Government Printing Office, July 1987), 6, https://www.princeton.edu/~ota/disk2/1987/8729/872901.PDF. But this is a mistake. Chinese government-backed venture investments can harm global innovation when their investments distort proper market forces. [229]. For example, the Zhongguancun Development Group, a state-owned enterprise headquartered in Beijing, has set up “Danhua capital” to promote the strategy of “Zhongguancun capital going global and bringing in overseas advanced technology and talents.”[104] Likewise, Shenzhen Capital Group, a purportedly private VC firm that has invested in at least one advanced U.S. technology company, has actually received about 80 percent of its invested capital from the Chinese government—and its investments are focused, not surprisingly, to match the central governments key targeted industries. As one article on the trend to invest in China notes, “From investing in China facilities to acquisitions, licensing deals and joint ventures, the aim is to seek an edge in dealings with domestic regulators and government.”[247] In other words, in contrast to the developed, rule-of-law nations where firms are largely treated the same regardless of whether they are a local producer, in China, firms know they are at a disadvantage if they are not producing locally or helping Chinese firms produce. It is highly unlikely China will enact these reforms for the simple reason the government believes its current innovation mercantilist strategy has been a success. Provide bioinformatics services for individualized diagnosis and treatment, biological resource discovery, animal and plant molecular breeding, and industrial microbial strain modification.[135]. As such, Congress and the administration need to be thinking now about actions to help ensure U.S. biopharmaceutical leadership vis-à-vis China over the next two decades. Michael Brown and Pavneet Singh, China’s Technology Transfer Strategy: How Chinese Investments in Emerging Technology Enable a Strategic Competitor to Access the Crown Jewels of U.S. [191]. European Commission and World Health Organization, “China policies to promote local production of pharmaceutical products and protect public health” (WHO, 2017), 16, https://www.who.int/phi/publications/china_policies_promote_local_production_pharm/en/; China’s Pursuit of Next Frontier Tech: Computing, Robotics, and Biotechnology, Before the US. The Hong Kong Stock Exchange had prohibited companies without revenue from listing. [76] The IP Commission Report on the Theft of U.S. [274]. P “The Critical Role of the NIH in Boosting Economic Competitiveness,” panel discussion hosted by ITIF, April 9, 2019, https://itif.org/events/2019/04/09/critical-role-nih-boosting-economic-competitiveness. Smog might be a local problem, but CO2 emissions are a global one. Paul Mozur and Jack Ewing, “Rush of Chinese Investment in Europe’s High-Tech Firms Is Raising Eyebrows,” The New York Times, September 16, 2016, http://www.nytimes.com/2016/09/17/business/dealbook/china-germany-takeover-merger-technology.html?_r=0/. [38]. http://www.gao.gov/assets/230/221919.pdf; https://itif.org/publications/2019/03/25/healthy-funding-critical-role-investing-nih-boost-health-and-lower-costs, http://www.oecd.org/els/pharmaceutical-pricing-policies-in-a-global-market.htm, https://itif.org/publications/2019/04/08/china-catching-united-states-innovation, https://link.springer.com/content/pdf/10.1007/s11427-016-5078-6.pdf, http://www.researchcaucus.org/wp-content/uploads/2019/05/V3-Benchmarks-Highlights-Draft-Layout.pdf, http://www2.itif.org/2019-china-catching-up-innovation.pdf?_ga=2.47562407.1830997854.1559050972-640630452.1503250664, https://www.uscc.gov/sites/default/files/Annual_Report/Chapters/Chapter%204%2C%20Section%201%20-%20China%27s%20Pursuit%20of%20Dominance%20in%20Computing%2C%20Robotics%2C%20and%20Biotechnology.pdf, https://www.brookings.edu/blog/techtank/2018/04/23/whos-investing-in-health-care-rd/, https://www.nsf.gov/statistics/2018/nsb20181/data/appendix, https://chinapower.csis.org/china-health-care-quality/, https://pharma.nridigital.com/pharma_dec18/is_china_the_next_great_hope_for_the_pharma_industry, https://www.who.int/phi/publications/china_policies_promote_local_production_pharm/en/, https://assets.kpmg.com/content/dam/kpmg/cn/pdf/en/2016/10/13fyp-opportunities-analysis-for-chinese-and-, https://www.mckinsey.com/industries/pharmaceuticals-and-medical-products/our-insights/whats-next-for-pharma-innovation-in-china, https://www.ubs.com/global/en/wealth-management/chief-investment-office/our-research/discover-more/2018/china-biotech.html, http://www.bioworld.com/content/chinas-bio-thera-launches-phase-iii-trial-her2-positive-breast-cancer-adc-candidate-1, http://www.pharmexec.com/pd-1pd-l1-race-china, https://www.scmp.com/news/china/society/article/2166462/why-china-going-all-out-invent-new-stronger-cheaper-drugs-its-not, https://multimedia.scmp.com/news/china/article/2167415/china-2025-biotech/index.html, https://assets.kpmg.com/content/dam/kpmg/cn/pdf/en/2016/10/13fyp-opportunities-analysis-for-chinese-and-foreign-businesses.pdf, https://www.uscc.gov/Research/china%E2%80%99s-biotechnology-development-role-us-and-other-foreign-engagement, https://www.scmp.com/news/china/society/article/2180378/chinas-new-drug-procurement-plan-set-hit-its-pharma-firms-profit, https://doi.org/10.1186/s12992-017-0244-6, https://www.mckinsey.com/~/media/McKinsey/Featured%20Insights/Innovation/Gauging%20the%20strength%20of%20Chinese%20innovation/MGI%20China%20Effect_Full%20report_October_2015.ashx, https://www.phrma.org/policy-paper/phrma-special-301-submission-2019, https://www.scmp.com/business/companies/article/2182740/china-pharma-must-swallow-jagged-little-pill-called-rd-government, https://torreya.com/publications/torreya-creating-value-through-china-partnering-oct2018.pdf, http://mt.sohu.com/20160620/n455320606.shtml, http://www.bioworld.com/content/still-unsure-how-tap-china-market-biopharma-insiders-offer-tips-, https://www.fbi.gov/investigate/white-collar-crime/piracy-ip-theft/intellectual-property-theftpiracy-news, https://www.nytimes.com/2018/06/22/technology/china-micron-chips-theft.html, https://www.cnbc.com/2019/02/28/1-in-5-companies-say-china-stole-their-ip-within-the-last-year-cnbc.html. Keith B. Alexander, “Cybersecurity and American Power” (conference presentation hosted by the American Enterprise Institute, Washington, D.C., July 9, 2012). First, it’s important to consider this in the context of the particular industry. [186] Invalidating foreign patents appears to be a key way for China to enable its generics industry to gain market share. [228]. [136] Despite its aspirations, the plan’s implementation was poor, with few important reforms actually being implemented. Yet, although China lags behind the United States in biopharma competitiveness, its government has targeted the industry, developing a concerted national strategy to enable China to catch up to the United States in biopharmaceutical innovation. [253]. [77]. One such way relates to talent. [30] However, its share of documents in the top 1 percent of citations is lower than its overall share of articles. [107] In addition, Chinese firms have become investors in early stage U.S. technology companies, including the VC arms of Chinese Internet companies such as Alibaba and Tencent. [248] In fact, virtually all major foreign biopharma firms have manufacturing facilities in China—and some have R&D facilities. International pressure, especially from the Trump administration, may constrain China’s worst practices. Intensify efforts to promote resource tax and fee reform, speed up the elimination of outdated products, technologies and processes, and promote the promotion and application of emerging green technologies and products.[142]. First, by imposing very strict price controls and favoring Chinese firms in national drug selection, while at the same time supporting the development of the Chinese generics and biosimilar industry, China appears to want to build up its domestic industry capabilities initially in generics and biosimilars, just as their industrial strategies for other industries (e.g., aerospace, rail, electronics, etc.) Moreover, China’s population of 1.4 billion is more than four times larger than that of the United States. In 2016 the State Council issued a circular to promote the application and development of big data in the health and medical sectors, including the construction of national and provincial population health information platforms. The government has said in the most recent draft patent law amendment that it will consider patent term extension (albeit with an important limitation to drugs with simultaneous marketing applications in China and abroad). [197]. In the academic sector, researchers have stolen information or samples from their employers at Cornell University, Harvard University, and UC Davis.”[265] This information is then sold to Chinese companies. It will also shorten the time it takes to issue a drug import license. McKinsey & Company, Building Bridges to Innovation, 71. However, China appears to have gotten more serious about implementation since then. Four months later, China’s Patent Reexamination Board declared the patent invalid because of a lack of creativeness, even though the U.S. Patent and Trademark Office issued a patent for the drug that will expire later this year. [229] The Chinese government uses access to this massive database to attract foreign genetic research companies to China. To be sure, although still behind the United States, China’s score shows it is able to make fairly rapid progress in its support system. Construction of public technology service platform: build a large-scale biological resource pool and the core platform of the biological information center, build a networked national biological resources and biological information service facilities, strengthen the deep exploration of genetic information, and promote the development of new sequencers. Jenkins, “CDER New Drug Review,” 23. A major reason is China has put its mind, heart, and soul into not just being an innovator, but being, in the words of Chinese president Xi Jinping, “master of its own technologies.” And China has backed that up with a powerful, often discriminatory, arsenal of state-directed industrial and trade policies. [275]. [86]. [37]. A study looking at 40 cases from 2018 found that 44 percent of the challenged pharmaceutical patents had been invalidated in whole, while 32 percent were declared partially invalid. [6] Moreover, the United States increased its share of pharmaceutical R&D expenditures among developed countries between 1995 and 2010 from 43 percent to 57 percent. Drugs first approved outside of China will receive only 25 percent of the maximum data exclusivity (i.e., three years for biologics) if they use no data from Chinese trials and 50 percent (i.e., six years for biologics) if using outside data supplemented with Chinese data. Therefore, even if firms in China sell at a lower price than firms in the United States, Chinese biopharma companies could still earn greater revenues and profits than U.S. firms—profits they can reinvest back into the next round of innovation. [194] As the China Money Network noted, this amount is equal to 32 percent of all assets managed by the global private equity and VC industry. [200]. Moreover, Chinese government-backed investment funds aim to spur $1.7 trillion, equal to one-third of the assets in the global private equity market. [277] In addition, the federal government should refrain from imposing arbitrary restrictions on certain kinds of research, such as stem cell, as President Trump recently did.

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