By Vicky (Qing) Xia, Senior Project Director at BioPlan Associates
China is going through a phase of robust growth of biotech companies. This is being boosted by market demand, returning scientists-turned innovators and a favorable capital market, according to BioPlan’s Advances in Biopharmaceutical Technology in China, 2nd ed1. This is especially the case in the Science and Technology Innovation Board in China (STAR) and the Hong Kong Stock Market.
As we note below, the markets for contract bioprocessing are clearly on the rise, and investors, both domestic and international, have seen China’s biologics CDMO landscape as a new growth opportunity. Boehringer-Ingelheim is the first international biologics CDMO to test the waters in China, and the key mover and shaker behinds China’s MAH reform, which opens the door for commercial scale contract bioprocessing.
Lonza, MilliporeSigma, Celltrion, etc., have all followed suit, according to Growth of Biopharmaceutical Contract Organizations in China3 from BioPlan. Emerging biotech companies in China now have plenty of China-based CDMOs to choose from; this information can help them make strategic choices.