MacroOtherKey event

Shanghai Plan Supports Global Registration of Innovative Drugs, Contract Manufacturing, Genetic Testing Pilot

Published: Updated: By 24TopNews Editorial Desk

Shanghai's commerce commission and six other departments issued a plan to establish a national service trade innovation demonstration zone. The plan supports enterprises in obtaining global registration and certification for innovative drugs, modern traditional Chinese medicines, and high-end medical devices, and in selling them locally. It also expands international cooperation on biopharmaceutical innovations, allows contract research, development and manufacturing organizations to undertake commissioned production, and launches a pilot for gene diagnostic and treatment technology development in the pilot free trade zone. The plan focuses on Pudong, Minhang and Jiading districts to build world-class biopharmaceutical clusters.

Shanghai Municipal Commission of Commerce and six other departments have issued the Implementation Plan for the Construction of the Shanghai National Service Trade Innovation Demonstration Zone, which proposes to support the innovative development of the biopharmaceutical industry. The plan specifies that enterprises are supported in obtaining global registration and certification for innovative drugs, modern traditional Chinese medicines, and high-end medical devices, and in achieving local sales. At the same time, it expands international cooperation on biopharmaceutical innovation results, and supports contract research, development and manufacturing organizations with mature production experience, as well as production enterprises, in undertaking commissioned manufacturing activities.

The plan also proposes to carry out a pilot for the expanded opening-up of gene diagnosis and treatment technology development and application in the pilot free trade zone, and to build international medical device exhibition, training, and trading platforms in the Hongqiao International Central Business District and the Oriental Hub International Business Cooperation Zone. In terms of industrial layout, the plan focuses on Pudong New Area, Minhang District, and Jiading District, accelerating the construction of world-class biopharmaceutical industrial clusters.

24TOPNEWS IMPACT INTELLIGENCE

Why this event matters

The event has a measured impact on 5 industrys. The strongest current signal is positive for Pharmaceutical R&D Services, with intensity 80/100 and 85% confidence over a short term horizon.

Healthcare · 13.15

Pharmaceutical R&D Services

Direction
positive
Intensity
80
Confidence
85%
Horizon
Short term
Effective impact +56
Healthcare · 13.1

Pharmaceuticals

Direction
positive
Intensity
78
Confidence
85%
Horizon
Medium term
Effective impact +54
Healthcare · 13.5

Medical Equipment

Direction
positive
Intensity
75
Confidence
85%
Horizon
Medium term
Effective impact +52
Healthcare · 13.2

Traditional Chinese Medicine

Direction
positive
Intensity
72
Confidence
80%
Horizon
Medium term
Effective impact +47
Healthcare · 13.3

Biotechnology

Direction
positive
Intensity
70
Confidence
75%
Horizon
Medium term
Effective impact +43

Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.