Shijiazhuang Sihua Pharmaceutical Once Again Ranked Among the Top 50 Chinese Chemical Pharmaceutical R&D Companies
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发布时间:2021-09-23
【概要描述】
On September 18, at the 2021 High-Quality Development Conference for the Greater Health Industry and the 6th China Pharmaceutical R&D and Innovation Summit (PDI) held in Chongqing, the 2021 Top 100 Ranking of Chinese Chemical Pharmaceutical R&D Strength was unveiled. Shijiazhuang Sihua Pharmaceutical Co., Ltd. ranked 44th, once again securing a place among the top 50 Chinese chemical pharmaceutical R&D companies.
On September 18, at the 2021 High-Quality Development Conference for the Greater Health Industry and the 6th China Pharmaceutical R&D and Innovation Summit (PDI) held in Chongqing, the 2021 Top 100 Ranking of China’s Chemical Pharmaceutical R&D Strength was unveiled. Shijiazhuang Sihua Pharmaceutical Co., Ltd. ranked 44th, once again securing a place among the top 50 Chinese chemical pharmaceutical R&D companies.
R&D investment is a key indicator of innovation capability. According to data from Frost & Sullivan, R&D spending by innovative pharmaceutical companies has grown steadily over the past five years: from US$11.9 billion in 2016 to US$27.0 billion in 2020, representing a compound annual growth rate of 22.7%. Among the companies on the list, 24 reported R&D expenditures exceeding RMB 500 million in 2020, with 8 surpassing RMB 1 billion.
With the implementation of policies such as the “Generic Drug Consistency Evaluation,” “Volume-Based Procurement,” “Medical Insurance Negotiation,” and the “MAH System,” the market landscape of the pharmaceutical industry is undergoing continuous adjustment and differentiation. The competitive dynamics are shifting from a production-centric model to one centered on R&D capabilities and drug innovation, thereby presenting unprecedented development opportunities for innovation-driven, R&D-focused enterprises.
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