Title: Development of the biopharmaceutical industry dominated by government: a case study from 'Pharmacy Valley' of China

Authors: Jie Zhang, Ruxi Gao, Xiaojun Wu

Addresses: Department of Industrial Economics, School of Management, Fudan University, Shanghai, 200433, China. ' Antai College of Economics and Management, Shanghai Jiaotong University, Shanghai, 200052, China. ' Glorious Sun School of Business and Management, Donghua University, Shanghai, 200051, China

Abstract: We discuss a famous Hi-tech park for biopharmaceutical firms in Shanghai, China, whose formulation and growth are all sponsored by the government. After the background analysis of the biopharmaceutical industry, we focus on this park, known as Pharmacy Valley. With detailed analysis, we believe that although under the intensive support of government, the cooperation network among firms is still far from well set up, the financing channel is under-built, and the aggregation is in the primary stage. For all the firms in Pharmacy Valley, the gap is large on the scale of the industry, innovative capability and industrialisation level compared with multinationals.

Keywords: biopharmaceutical industry; Pharmacy Valley; government domination; China; high tech parks; high technology parks; government support; cooperation networks; innovation; industrialisation; commercialisation.

DOI: 10.1504/IJHTM.2010.036052

International Journal of Healthcare Technology and Management, 2010 Vol.11 No.5, pp.373 - 390

Published online: 14 Oct 2010 *

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