Background information Japan is the third-largest drug market in the world with a market size of about $95 billion in 2019. With about 30% of the population over 65 years old, it has a very large number of people who need drugs. Healthcare... Read More
Introduction to China’s Drug Market Everyone has been talking about opportunities in China’s drug market the last 5 years. While the size of the drug market in China varies, we estimate it at about $140 billion dollars now and growing about 10%... Read More
Changes to pharmaceutical registration regulations in China that went into effect July 1 make clear that Market Authorization Holders designated by the country’s regulatory authority to market or distribute a product are responsible for the safety, quality, and efficacy of that product... Read More
In the wake of a 2019 antibiotic shortage which cast light on the country’s dependence on overseas suppliers of the essential drugs, Japan’s Ministry of Health, Labor and Welfare is proposing a series of measures to ensure stability in its supplies of... Read More
Chemical and biologic drugs are required to be classified into new categories for registration in China under new guidance issued by the Center for Drug Evaluation of National Medical Products Administration. Under the new classification system, which went into effect on... Read More
Seeking to align Taiwan’s pharmaceutical clinical practice methods with international standards, the nation’s top health safety agency is strengthening its protocols for review and approval of new drugs. Starting July 1, 2021, Taiwan’s Food and Drug Administration (FDA) will require that... Read More
One year after China strengthened regulations on the use of human genetic materials in clinical trials, new reporting requirements would make the regulations even more stringent – and more challenging for multinational pharmaceutical and medical device companies conducting such trials in China.... Read More
Moving to increase the provision of critical healthcare services throughout its vast territory, China’s National Health Commission plans to convert hundreds of community health clinics around the country into hospitals. Under the plan, the community health centers will continue to serve... Read More
With the COVID-19 pandemic cutting deeply into revenues of healthcare providers across Japan, health authorities are considering postponing cuts to prices for pharmaceuticals offered by the country’s nationalized health insurance system scheduled to go into effect next April. The scheduled price cuts... Read More
New rules being considered by South Korea’s Ministry of Food and Drug Safety (MFDS) would make it easier to investigate the safety of high-tech cell therapies and genetic treatments, as well as other biopharmaceutical products, before they are approved. The new screening... Read More