Please login to the form below

Not currently logged in
Email:
Password:

Pfizer looks to expand R&D presence in Asia

Pfizer says it will expand its R&D activities in Asia, specifically China, India, Japan, and South Korea

US-based Pfizer has said that it will expand its R&D activities in Asia, specifically China, India, Japan, and South Korea, according to a Reuter's report.

The company's president of global R&D, Martin Mackay, revealed in the report that Asia was key to the company because its pharmaceutical market would grow to USD 200bn by 2017. He gave no further details of the expansion plans, but added that he was happy with the progress made by Pfizer's two-year old Shanghai R&D centre.

Pfizer says its ranked first in Asia pharmaceutical market sales for the 12 months to June 2007. The company has a manufacturing plant in the Chinese city of Dalian and has research collaborations with Peking University and Tsinghua University. It opened a research centre in Shanghai in 2005 and says it wants to expand clinical research activities globally, with nearly 80 studies ongoing.

Mackay told Reuters at an investors' meeting: "China is going to be really important to us; the Shanghai centre is going to be exceptionally important. We are looking at Korea, India and other countries."

The world's largest pharmaceutical company recently announced a USD 300m R&D investment in South Korea over the next five years to develop drugs and medical technology.

30th September 2008

Share

COVID-19 Updates and Daily News

Featured jobs

PMHub

Add my company
Healthcare Media Europe – HME Ltd

HME are an innovative and technology enabled agency offering our clients over 35+ years of knowledge and expertise in delivering...

Latest intelligence

Women in science
The role of women in science and technology
Why the lack of female leaders in pharma and life sciences is a problem that still needs to be fixed...
Maria Dahl
China’s homecoming heroes fuel a biotech boom with rapid CAR-T advances
China secures a place at the forefront of innovative medicine...
Virtual Research Grants Submission and Approval Program
Impetus Digital summarizes how a client established an independent grant review committee and a virtual grant submission and approval program, without having to travel and meet in person....

Infographics