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Asia Pharm R&D 2010 - New CRO Trends Become Focus of Industry
Date:3/2/2010

class="xn-location">China was revised in 2000 to allow the patenting of pharmaceutical compositions, which established a major improvement over the previous practice of only allowing the patenting of a method to make or use a drug.

According to research published by Australian law firm DLA Phillips Fox, China has put new measures in place to raise the penalties for patent infringement from 300% to 400% of illicit profits and increasing damage payments from RMB 50,000 to RMB 200,000, even if there is no profit from the infringement. These changes are just part of the changing attitudes towards protecting patents and other intellectual property that is making China more attractive for research dependent industries such as CROs.

"China's returnees abundant human capital, lower business costs and experienced returnees (nicknamed "seaturtles" in China) is allowing entrepreneurs to build Chinese biotech firms that are far more integrated -- with significant capabilities in disciplines ranging from discovery research through clinical development -- than their counterparts in the west. And this integrated approach can produce more efficient and productive R&D," described Samantha Du, Ph.D. Chief Executive Officer, Hutchison MediPharma Limited.


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SOURCE Global Leaders Institute
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