Chinese pharmaceutical companies: an emerging industry

“…Growing popularity of TCM can be evidenced by the rapid increase in number of licensed Chinese medicine providers in the United States. The Chinese government has pledged to create several export-oriented TCM giants in the coming years ( 6 ). Continuous efforts in promotion of the indigenous therapies by China have put TCM in a commendable position.…”

Section: Introductionmentioning

confidence: 99%

Ayurveda and Traditional Chinese Medicine: A Comparative Overview

Patwardhan

Warude²,

Pushpangadan³

et al. 2005

Evidence-Based Complementary and Alternative Medicine

611

384

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Ayurveda, the traditional Indian medicine (TIM) and traditional Chinese medicine (TCM) remain the most ancient yet living traditions. There has been increased global interest in traditional medicine. Efforts to monitor and regulate herbal drugs and traditional medicine are underway. China has been successful in promoting its therapies with more research and science-based approach, while Ayurveda still needs more extensive scientific research and evidence base. This review gives an overview of basic principles and commonalities of TIM and TCM and discusses key determinants of success, which these great traditions need to address to compete in global markets.

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“…Subsidies and favorable policy measures should be designed and prioritized to strengthen the performance of effective innovators (Nemet, ). The following innovation resources have been identified (Chan et al, ): (1)State‐Owned Enterprises (SOEs) (White, ; Jiang et al, ; Nolan and Yeung, ; Wang et al, ). (2)High‐tech Small‐to‐Medium Enterprises (SMEs) (Jiang et al, ; Boutellier and Ullman, ; Wang et al, ). (3)Multinational Company and subsidiaries (MNCs) (Boutellier and Ullman, ; Ghauri and Rao, ; Han, ). (4)Contract Research/Manufacture Organizations (CRO/CMOs) (Lawrence, ; Singh, ; Boutellier and Ullman, ). (5)University Research Programs (URPs) (Boutellier and Ullman, ; Hong, ; Wang et al, ). (6)Equity Joint Ventures (EJVs) (Nolan and Yeung, ; Boutellier and Ullman, ; Lee, ). (7)Public Research Institutes (Boutellier and Ullman, ; Wang et al, ). (8)Foreign R&D Centers (FR&D) (Lawrence, ; Gassmann et al, ; Un and Cuervo‐Cazurra, ). …”

Section: Case Applicationmentioning

confidence: 99%

“…(1) State-Owned Enterprises (SOEs) (White, 2000;Jiang et al, 2001;Nolan and Yeung, 2001;Wang et al, 2009). (2) High-tech Small-to-Medium Enterprises (SMEs) (Jiang et al, 2001;Boutellier and Ullman, 2007;Wang et al, 2009).…”

Section: Resource Alternativesmentioning

confidence: 99%

A research and development decision model for pharmaceutical industry: case of China

Chan

Daim

2017

R & D Management

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This paper evaluates prospective technology areas, development strategies, and various innovation resources in China's pharmaceutical sector through the use of a hierarchical decision model. The results indicate that although domestic SMEs are the major preferred innovation alternative, it is followed closely by foreign MNCs. The sensitivity analysis indicates that the effectiveness of policy decisions are influenced by certain high technology areas. Recombinant therapeutic proteins, recombinant vaccines, and monoclonal antibody technologies are identified as the major areas that will influence the priority of innovation resources. The research crafts a research framework to formulate innovation strategies in dealing with the uncertainties of technology development and policy decisions in the biopharmaceutical industry.

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Chinese pharmaceutical companies: an emerging industry

Cited by 14 publications

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International market scenario of traditional Indian herbal drugs - India declining...

International market scenario of traditional Indian herbal drugs - India declining...

Ayurveda and Traditional Chinese Medicine: A Comparative Overview

A research and development decision model for pharmaceutical industry: case of China

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