Confronting Contemporary Healthcare Challenges in Slowing Chinese Economy
Beijing, China, January 29, 2019 – WiCON International Group LLC, the publisher of well-known WiCON | Pharma China (www.pharmachinaonline.com), announced that it will host the “Pharma China Annual Forum 2019” in Shanghai on April 9. Sponsored by RDPAC and Kantar Health, the well-acclaimed English language event has been held annually since 2009 and is set up as a closed-door symposium of MNC pharma executives. It is now open for registration and seats are limited to 60. Priorities will be given to WiCON|Pharma China subscribers and executives of RDPAC member companies.
Please click on the following link to download the event brochure and registration form:
PCAF 2019 Brochure+Registration Form.pdf
Each year there are more uncertainties surrounding China healthcare and 2019 is no exception. Despite some positive developments on the front of Chinese drug registration regime, which has substantially accelerated its evaluation and approval of innovative new drugs, the pharmaceutical industry in China is faced with another overhaul of its business model, fast changing marketplace and repeated assaults of its bottom-lines following establishment of the State Medical Insurance Administration (SMIA), introduction of national level volume-linked centralized drug purchase tender trial, and advancement of the generic quality and clinical equivalence (GQCE) program which aims to replace off-patent MNC originator drugs with local GQCE products.
While the Chinese pharmaceutical manufacturing industry saw its operating revenues grow by 13.5% (above average of 9.4% for all industries in China) to CNY 20,181 billion in the first ten months of 2018, the industry’s profits rose only 10.4% (below average of 13.6% for all Chinese industries) to CNY 255 billion in the period, according to official data from the National Statistics Bureau.
Structural issues with the Chinese healthcare system continued to haunt the pharmaceutical industry in 2018. Notwithstanding the touted pharma industry ambitions of the Chinese government, slogans are nothing but pies in the sky when it comes to paying for better medicines. The healthcare reform has long been hijacked by cost containment and gone astray from the pledged path of improving efficiency and fixing structural flaws. The crashing course of reform is deeply rooted in the growing contradictions between wishful goals and healthcare financial reality, as well as among different government policies and their pursuits.
With tax and other revenues drying up and under increasing threat of BMI system deficit amid a looming Chinese economic downturn, local governments are pressured by both the central government and the public to do more for healthcare with less financial resources. As local governments assaulted the pharma industry above the table with wave after wave of cost containment measures, public hospitals also squeezed drug companies under the table for funds through a variety of schemes. Shortage of low cost but clinically essential medicines has become widespread, forcing the central government to step in and often intervene administratively.
Despite challenges, 2018 turned out to be a triumphant time for MNCs. A number of pharma MNCs witnessed unexpected high growth last year ahead of the flood of local GQCE products. Despite naive overjoys of some, such inadvertent victories are not expected to last in 2019.
The Chinese economy and the reform of its healthcare system are once again in deep water of what’s become of a “lost river”. Pharma companies, local or foreign, must make dynamic changes to remain competitive and survive with the turbulent market.
The Pharma China Annual Forum 2019 is an English language annual pharma industry event oriented for foreign drug companies in China. It is organized by WiCON International Group LLC, the publisher of WiCON|Pharma China, and sponsored by RDPAC and Kantar Health. The event’s emphasis is on healthcare policies, drug regulations, market access and strategic issues as well as potential impacts of latest and upcoming policy changes on the Chinese pharma industry. In addition, contemporary trends of M&As, R&D and licensing, IPR, business hotspots and e-commerce, as well as future market outlook will be explored and discussed.
14 leading experts will share their knowledge, insights and expertise at the event, including an interactive panel discussion with top experts and selected speakers.
Registration, as well as event and sponsorship details are available from the following contacts.
Registration and Enquiries
Spaces are limited to 60 participants and priority is given to WiCON|Pharma China subscribers. Please download the following link for event brochure.
PCAF 2019 Brochure+Registration Form.pdf
Please contact David Xue or Jenny Wang for more information or questions:
Tel: +86 10 8530-0937 Cell: +86 18601267831
Tel: +86 10 8447-6010 Fax: +86 10 8447-6110
Email: firstname.lastname@example.org or email@example.com
Fees (covering attendance, lunch and refreshments)
CNY 6,400 ($930) – Pharma China subscribers and employees of RDPAC member companies
CNY 6,800 ($980) – All other non-subscribers of Pharma China
Please click on the following link to download detailed information about sponsorship opportunities for this event:
PCAF 2019 Sponsorship Packages + Registration.pdf
WiCON International Group LLC is the publisher of WiCON | Pharma China, the most trusted English media and source of business intelligence covering the Chinese pharmaceutical / biopharmaceutical sector.
WiCON | Pharma China (www.pharmachinaonline.com) caters for the growing needs of the global pharma industry for up-to-date and insightful intelligence on China’s burgeoning but increasingly complex healthcare marketplace. It is subscribed by most MNCs, leading CROs, investment banks, consulting firms and industry associations.
WiCON | Pharma China publishes the following products:
- Pharma China Journal Edition (monthly in PDF and Print)
- Pharma China Web Edition (continuously-updated news and in-depth commentaries)
- China Pharmaceutical Guide (latest edition – published annually in August)
Please contact us if you are interested in subscribing to one of our publications or visit www.pharmachinaonline.com for more information.
Tel: +86 10 84476010, +1 609-903-8881 Fax: +1 801-751-5728