#China’s #vaccine makers gear up for overseas markets
China’s vaccine makers are gearing up over the next few years to push exports in a move that should lower costs of lifesaving immunizations for the world’s poor and provide major new competition for the big Western pharmaceutical companies.
However, it may take some time before some parts of the world are ready to embrace Chinese products when safety is as sensitive an issue as it is with vaccines — especially given the food, drug and other scandals the country has seen.
Still, China’s entry into this market will be a “game changer,” said Nina Schwalbe, head of policy at the GAVI Alliance, which buys vaccines for 50 million children a year worldwide.
“We are really enthusiastic about the potential entry of Chinese vaccine manufacturers,” she said.
China’s vaccine-making prowess captured world attention in 2009 when one of its companies developed the first effective vaccine against swine flu — in just 87 days — as the new virus swept the globe. In the past, new vaccine developments had usually been won by the U.S. and Europe.
Then, this past March the World Health Organization announced that China’s drug safety authority meets international standards for vaccine regulation. It opened the doors for Chinese vaccines to be submitted for WHO approval so they can be bought by U.N. agencies and the GAVI Alliance.
For more on China’s entry into the global vaccine market read here.
Have a look at the Emerging Market Stream at the 12th annual World Vaccine Congress taking place next year April in Washington DC. We will have representatives from China, India and Mexico giving us their view on how to leverage the still uncovered opportunities in these markets.
Make sure you book before the 27th January to take advantage of the great savings. Register here.