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Biomedicine: Policy

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Biomedicine: Policy
Learn about China’s biomedical breakthroughs, from cutting-edge pharmaceuticals to life-saving research, driving global health innovation.
The commercial insurance formulary covers some medicines that are not yet eligible for reimbursement under the country’s National Reimbursement Drug List. Photo: Shutterstock
Made in China 2025

China’s new drug insurance: lifeline for patients or squeeze on big firms?

New insurance formulary trims costs of Alzheimer’s and cancer therapies and marks a small win for global novel drug makers.

China economy

Opinion | How China engineered the rapid rise of its drug innovation industry

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Hong Kong healthcare and hospitals

Editorial | Hospital fee reform must balance social fairness with budgetary needs

Biomedicine: Industry Trends

China’s clinical trial capacity matches US, attracts more global pharma firms

Growth of innovative clinical trials suggests that Chinese biotech firms’ pipeline of novel drug candidates is expanding, analysts say.

China had 2,694 new clinical trials in 2024, up 13 per cent from a year earlier. Photo: Shutterstock
New medical drugs

6 of the best: the billion-dollar biotechs putting China on the map

China’s biotech renaissance is gathering pace as home-grown innovators strike billion-dollar licensing deals with global giants.

China’s private sector

‘Quantity to quality’: what China’s next 5-year plan means for foreign investors

Beijing has pledged to open up even more to foreign investment. But some officials are becoming more selective about the projects they want.

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Biomedicine: Industry Trends

China’s drug developers stretch to become a global force

Although a start-up’s recent triumph is seen as a ‘DeepSeek moment’, domestic players still trail world-beating pharma firms, experts say.

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Illustration: Henry Wong
Baidu

Baidu-backed drug discovery start-up Biomap challenges Google’s AlphaFold

Biomap expects to double its revenue this year, co-founder and CEO Wei Liu says.

US-China tech war

Chinese 3D biomolecule imaging start-up aims for IPO in 2027

Shuimu BioSciences is the first Chinese company to develop its own cryo-electron microscopy machine, a vital tool in drug discovery.

China manufacturing

China closes biotech gap with US as new drugs, pipelines top 30% of global total

Beijing has ramped up support for the bioeconomy with a five-year plan aimed at making the country a global leader by 2035.

Operating microscope and the flag of China. Photo: Shutterstock
Biomedicine: Companies

China’s biomedicine sector takes off

China’s novel drug industry is experiencing a meteoric rise, fuelled by the increased development of new medicines and the prospect of many patents expiring.

China to cash in on biomedicines ‘patent cliff’
Hong Kong economy

Opinion | How Hong Kong can lead in patient-focused ethical AI healthcare

AI can improve disease detection, surgery accuracy and data management but healthcare professionals can do a lot of good that AI cannot.

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Biomedicine: Companies

Hong Kong firms eye Chinese medicine opportunities on the mainland: HKTDC

Hong Kong Trade Development Council says streamlined procedures opened a more convenient channel for companies to expand into the mainland.

China manufacturing

China approving innovative drugs at record pace, shifting momentum from West

‘If we’re not careful, every drug could be made in China,’ warned former head of US Food and Drug Administration in May.

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Employees package medicine at a pharmaceutical company in China’s Shaanxi province. Photo: Xinhua
Biomedicine: Companies

China’s plan to boost drug coverage no ‘magic wand’: analysts

Drug companies will be eager to have their products approved, but insurers will struggle to offer attractive coverage, analysts say.

A worker at Shijiazhuang Yiling Pharmaceutical works on a production line in Shijiazhuang, Hebei province, on November 4, 2021. Photo: Xinhua
Biomedicine: Companies

CUHK start-ups eye silver economy’s need for ‘wearable robotics’

Start-ups seek to enter the growing markets for elderly care and rehabilitation by selling their ‘wearable robotics’ technologies.

China's economic recovery

Explainer | Why is Xi turning to the ocean for China’s growth – and who benefits?

Beijing eyes ocean-driven growth, as Chinese leader pledges more support for offshore sectors like wind power, shipping and marine biotech.

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Artificial intelligence

XPrize founder Diamandis projects hope for AI, biotech amid US-China tech war

The entrepreneur says biotech should be less contentious than AI, as a breakthrough in Beijing is just as usable in Boston.

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XPrize Foundation founder Peter Diamandis poses at the Four Seasons while attending the UBS Asia Investment Conference on May 28. Photo: Matt Haldane
Biomedicine: Companies

Big Chinese pharma can beat Trump’s policies with cost efficiencies: analysts

Trump seeks to slash domestic drug prices, bring back pharmaceutical manufacturing to the US and slap tariffs on imports.

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Biomedicine: Companies

US report highlights China’s biotech rise, urges action to boost local industry

China is ‘quickly ascending to biotechnology dominance’ and the US must ‘take swift action in the next three years’, the report says.

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Biomedicine: Companies

Chinese biotech firms cash in on promising drug discoveries via licensing

China has 4,804 new drug candidates under development, second only to the US at 5,268, according to data provider PharmCube.

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The value of Chinese biotech development deals, mostly out-licensing, rose 68 per cent year on year in the first nine months of last year to US$36.6 billion. Photo: Shutterstock
Artificial intelligence

China’s tech push: Shanghai aims to be global medical AI hub by 2027

Despite US export curbs on advanced chips, China’s financial powerhouse is betting big on medical AI.

Shanghai aims to transform itself into a global medical AI hub by 2027. Photo: Reuters
Biomedicine: Companies

Hong Kong residents reticent to get latest Covid-19 jab, Moderna survey finds

About 52 per cent of Hong Kong respondents said they were willing to get the updated vaccine, compared with 58 per cent in Singapore.

Biomedicine: Companies

China welcomes new US$1 billion Sanofi project in Beijing

Sanofi’s latest capital outlay in China will cover the development of a new insulin plant in the nation’s capital.

Health & Fitness

China expands health insurance coverage with 91 new drugs, innovative treatments

The health authority shows its support for novel drugs, while driving tough bargains with pharmaceutical firms on prices.

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China has added dozens of new drugs to its medical insurance reimbursement list. Photo: Getty Images
Biomedicine: Companies

Chinese biotech firms brace for Trump tariffs, US funding bill

Efforts to expand sales of high-value products in China and non-US markets would cushion the blow, analysts say.

A robotic surgical system is displayed during the 2024 China Medical Equipment Conference in southwest China’s Chongqing Municipality on March 29, 2024. Photo: Xinhua
Shenzhen

Shenzhen’s soaring R&D spending rivals Beijing, dwarfs Hong Kong

The southern city put nearly US$31 billion into R&D last year, driven partly by robust spending from tech giants like Huawei.

Greater Bay Area

Hong Kong health-tech start-ups create digital wearables for seniors

With a regulatory approach that expands the market for such devices to the Greater Bay Area, local companies see opportunity for growth.

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