In barely a decade, China has transformed from a maker of cheap generic copies of Western medicines into a global powerhouse of pharmaceutical innovation.
The country now only trails the United States in novel drugs under development, with a 29 per cent share, according to McKinsey. International pharmaceutical companies are beating a path to China’s shores to license next-generation treatments for cancer, autoimmune diseases and other disorders.
Government support, including regulatory and…
Wholesale inflation nears double digits, rises to 9.68% in May on fuel, food costs – Firstpost
India’s wholesale inflation rose to 9.68 per cent in May from 8.30 per cent in April, driven by higher fuel, food and manufacturing costs, marking the first reading under the…