Managing Director & Senior Partner; Managing Partner, Greater China
Therapeutic biologics provide significant benefits to human health and address many unmet medical needs. Although several developed countries have established clear leads in biologics, China has the potential to build a world-class innovative biologics sector—if policies that support this ambition are formulated well and implemented in a timely manner.
As China aims to develop the biologics industry, three questions need to be answered: Are there lessons to be learned from the development of China’s small-molecule pharmaceutical and early-generation biologics sectors? How quickly can China catch up with leading countries in terms of breakthrough innovation? Can China’s largely unmet medical needs be translated into a meaningful market that can attract talent and economic activity and serve Chinese patients’ needs?
Building a World-Class, Innovative Therapeutic Biologics Industry in China commissioned by the R&D-based Pharmaceutical Association Committee in coordination with the Biotechnology Industry Organization, The Boston Consulting Group helps outline the moves China should take to aggressively position itself as a global leader in the innovative therapeutic-biologics industry.
ABOUT BOSTON CONSULTING GROUP
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.
Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.
© Boston Consulting Group 2023. All rights reserved.
For information or permission to reprint, please contact BCG at email@example.com. To find the latest BCG content and register to receive e-alerts on this topic or others, please visit bcg.com. Follow Boston Consulting Group on Facebook and X (formerly Twitter).