Compared with generic drugs, the development of innovative chemical drugs is more difficult, expensive, and time-consuming. Innovative chemical drug R&D in China has long been dominated by research institutes. In the past ten plus years, foreign chemical innovative drugs have shown good curative effect and economic benefits in the market, and they have received more and more attention. As these drugs have entered the domestic market, they have further stimulated domestic pharmaceutical companies, and more and more companies have begun to increase the research and development of innovative chemical drugs.
In recent years, pharmaceutical companies’ investment in innovative chemical drug R&D has continued to increase, from 4.652 billion yuan in 2013 to 18.473 billion yuan in 2018, with a five-year growth rate of nearly four times.
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