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Article: CHINA PHARMACEUTICAL CRO MARKET FAST GROWS
- Article from:
- AsiaInfo Services
- Article date:
- February 2, 2009
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AsiaInfo Services
02-02-2009
China Pharmaceutical CRO Market Fast Grows
BEIJING, Feb 02, 2009 (SinoCast Daily Business Beat via COMTEX) -- More international pharmaceutical tycoons commission Chinese or Indian companies to develop new drugs now, with a view to largely cutting their R&D costs, so China's pharmaceutical CRO (Contract Research Organization) market grows fast.
In particular, there are more then 400 CRO companies in China, and most of them are dotted in the developed regions, such as Beijing, Shanghai, and Guangzhou. These companies mainly focus on the pre-clinical and clinical testing of new drugs, said people familiar with the matter.
The world's pharmaceutical CRO market ...