The West lost the drug race (and the entire industry knows it)

Your playbook for doing business in Asia : https://statrys.com/youtube?v=EGJAIo7p4VY Open a business account: https://statrys.com/getstarted?utm_source=youtube&utm_medium=organic_video&utm_campaign=youtube_description&utm_content=EGJAIo7p4VY 0:00 Intro 1:21 The Expiry Date 3:32 The Woman in Zhongshan 5:46 The Number Nobody Checks 8:06 We Already Lost This Once 9:16 The Wrapper 11:28 Conclusion Half of all the new medicines entering patient trials anywhere on earth now start in a Chinese laboratory. Big Pharma worked that out years ago. In front of journalists, they still say China is about ten years off being a serious rival. Across the industry, more than 300 billion dollars of prescription sales lose protection before 2030. Inventing a replacement costs around 2.2 billion dollars and takes close to eight years. So they stopped inventing and started shopping. In this video I explain how far this has already gone and why the same treatment can cost 475,000 dollars in the United States and 140,000 in China. #BigPharma #China #Biotech