Two major points that I found most interesting, which are contained in this passage:
China‘s biotechnology industry has progressed because it has made a concerted effort in several areas, including science, intellectual property rules and investment, according to biotech insiders. San Diego
“In just the last two years the improvement in the sophistication of the scientific research has been amazing,” Invitrogen’s [Ben] Hwang said.
Greg Scott, a
San Diegoresident and founder of Life Science Angels, an angel investor network for biotechnology, went to on vacation a year ago. It was a life-changing experience, he said. China
he saw a business park that is home to 4,000 high-tech and biotech companies and offices of the world’s largest pharmaceutical companies, in what is the world’s highest concentration of life science companies. Shanghai
“Like most Westerners, I had the view that there wasn’t much going on in the biotech area in
Chinaand they were mainly replicating drugs that weren’t patented in ,” Scott said. China
“But there was a lot of new drug development going on there – roughly 150 companies doing new drug development,” he said.
The folks in the industry are pointing to advances in IP protection and the investment climate. A very different message from what we hear from D.C. or
Also, I agree with the comment that a lot of people still see
Once again, this is an exciting area in