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11 April 2018
GMP News
State Council General Office of China issued a document to further encourage the research and development of generic drugs.
The document, entitled “Opinions regarding reforming and perfecting policies in the supply and usage of generic drugs,” stressed that the necessity of doing so is to lower healthcare costs, meet the demands of the public, and build a “healthy China.”
To meet the urgent demand for high-quality generic drugs, the medical authority was told to regularly publish lists of generic drugs in need, bring related research projects into national plans, and improve the current protection system for intellectual property rights (IPR), according to document. The quality and efficiency of generic drugs needs to be supervised and improved, said the document. It also called for more policy support to expedite the process of putting more high-quality generic drugs into clinical use.
With more support in research and development, registration of Chinese-made generic drugs, as well as in the marketing of the drugs in the global market, companies will be encouraged by the government to carry out international cooperation, the document added.
Encouraging the research and manufacturing of both new drugs and generic drugs fits the current situation in China’s medicine industry, which on one hand protects IPR development and on the other hand improves the healthcare services for the people, said the official.
From 2011 to 2015, altogether 323 “innovative” drugs were approved for clinical research in China, and 139 new generic drugs entered the market.
The RMI group has completed sertain projects
The RMI Group has exited from the capital of portfolio companies:
Marinus Pharmaceuticals, Inc.,
Syndax Pharmaceuticals, Inc.,
Atea Pharmaceuticals, Inc.