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The Week in Review: Broad Themes And Deals
By: China Bio Today   Saturday, October 25, 2008 4:56 PM

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Three broad China biopharma themes made their appearances in the pages of ChinaBio® Today again last week: IP law, healthcare reform and growth in China biopharma facilities. Our legal experts took a look at the latest draft for a new patent law, the National Reform Commission released its proposal for changes in China’s healthcare delivery systems, and there were a remarkable number of new facilities opened or announced. In addition, deals continue to get done in individual China biopharmas, as the industry continues to grow.

For three years now, China has been considering the third revision of its patent law. The second revision has been in force since the year 2000. The fourth proposal for this third revision, issued in August 2008, aims to raise the bar on patent requirements and tighten patent enforcement. In undertaking this rewriting, the ultimate goal of the government is to encourage innovation by providing the right level of patent protection. Charles C. Liu, PhD, JD, and Jeanne J. Liu, who have analyzed the government’s IP ideas by examining each draft, will discuss the most recent iteration in three installments. In this first one, they cover two specific areas: novelty and inventiveness, and secrecy check and foreign filing license (see story). Succeeding installments of the series will be issued weekly.

The National Reform Commission (NDRC) of China has proposed sweeping changes in the country’s healthcare policy, establishing the policy goal of covering all 1.3 billion of China’s citizens with medical insurance by 2020 (see story). 90% of the population will be insured within just two years. In the past twenty years, China’s healthcare has swung from government-controlled to market-oriented. As an unintended result of the new policy, rural citizens currently suffer from much lower levels of medical care delivery, and all of the population, urban and rural, is upset about its cost. The report addresses four major problems: soaring medical fees, lack of access to affordable medical service, poor doctor-patient relationships and low rates of medical insurance coverage. Not surprisingly, the new plan was met with some criticism. Commentators charged that the plan is not understandable, and to the extent that it can be understood, that it lacks specificity. Without saying how much money it will allocate to the various initiatives, the government did not clearly show its commitment to solving China’s healthcare problems.

A third theme is the tremendous proliferation of biopharma activity in China over the past 20 years, particularly in and around the biopharma-rich area of Shanghai’s Zhangjiang Hi-Tech Park.

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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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