China’s biotech sector continues to experience double-digit growth and is established as second most important global market after the US. China’s leaders are firmly backing the sector, singling genetics and biotech out in the latest Five-Year Plan, alongside AI, quantum technologies and semiconductors, as strategic national priorities. The COVID-19 pandemic has only served to accelerate investment, with venture capital and private equity investment pouring into the sector.
However, China also presents dilemmas for Western biotech companies. Increased geopolitical tensions with the West, international travel restrictions and a host of practical business challenges (including complex local regulations, IP protection issues, and culture/communication challenges) can dissuade many businesses from fully engaging with the opportunity China represents.
Join this session to hear from China experts on the wider market opportunity and to gain valuable advice on how to best access the market, engage with investors, and develop a China strategy.