China based innovation, CDMOs and Parallel Approvals driving huge growth in manufacturing at CPhI China
SHANGHAI, April 18, 2019 /PRNewswire/ -- CPhI & P-MEC China (#CPhIChina and #PMECChina) – co-organized by UBM EMEA, CCCMHPIE, and UBM Sinoexpo – takes place at the Shanghai New International Expo Center (SNIEC) on 18-20 June 2019. The event will be co-located with ICSE, InnoPack, bioLIVE, NEX, Labworld, FDF, and EP & Clean Tech. Seen as the bellwether of pharmaceutical trends across the country, CPhI & P-MEC China's agenda is packed with content from over 100 onsite conferences and activities as well as more than 50 seminars, with speakers from China and abroad.
One of the key trends to emerge this year is the rise in the number of innovative China-based biotechs – coupled with the easing of regulatory pathways and an emerging CDMO sector – is fueling a significant growth in manufacturing across China. In view of this, experts at the event will assess the Marketing Authorization Holder (MAH) Pilot Program, as well as recent reforms of China's regulatory landscape and the opportunities for international pharma.
With the Chinese pharma growing at a ferocious pace, CPhI & P-MEC China is expected to welcome 50,000 attendees in its 19th edition – a year-on-year increase of 30% – which is further indicative of the buoyancy of the Chinese market. The event is also expected to see a 6% increase in exhibitors, with more than 3,200 from over 120 countries in attendance.
"China is issuing new guidelines at a feverish pace and will be harmonized with ICH very quickly. The result is that over the next two to three years' poorer quality manufacturers will drop out of the market and China's manufacturers will look to compete in international markets as well as domestic" CPhI Annual Report Expert, Bikash Chatterjee on outlook of 2019.
Wider market data also supports this ongoing boom, with China's pharmaceutical market projected to grow strongly from 115.2bn USD in 2016 to 159.4bn USD by 2021 and 234.2bn USD by 2026. This represents a 10-year compound annual growth rate of 8.8% in local currency terms and 7.3% in US dollar terms. Similarly, bioprocessing in China has been on a trajectory of rapid growth, with a 39% growth in facilities, and total capacity is growing >8% annually, with biosimilars offering the largest growth potential.
At the 2019 edition, for the first time, CPhI & P-MEC China 2019 will launch bioLIVE – their new bioprocessing and manufacturing exhibition – which has evolved from the previous BioPh China and will run adjacent. This exposition is in response to the large molecule trend within the industry, and arrives at a particularly prominent moment. Within the last year, there has been a proliferation of biosimilars and double-digit approvals of biologics – as well as a host of investments taking place in contract services.
Marie Lagrenee, Brand Manager at CPhI & P-MEC China, commented: "The growth of the Chinese pharma economy has been exponential in recent years, with regulatory reforms spearheading the increased interest in the region from both domestic and international companies. With a bourgeoning CDMO sector and recent harmonization by ICH, it's pivotal that events such as CPhI & P-MEC China provide a platform to drive growth, exchange new ideas and expedite new deals to help nurture this budding market."
The third edition of China Pharma Week will take place alongside CPhI & P-MEC China on June 17-21 2019, focusing on Leadership, Business, Networking, Innovation, Recognition and Knowledge. Activities will include plant visits, a networking dinner, women in leadership forum, summits and the Innovation Gallery Tours, giving a deeper work floor insight and dedicated industry conferences on different sectors.
For more information, please visit the official website: www.cphi.com/china
Notes to editors
Notable features at CPhI China 2019 include:
- Over 100 onsite conferences and activities with speakers from China and abroad, 50+ seminars
- The renowned Matchmaking Service, an online matchmaking tool, which enables attendees to search for and arrange meetings with exhibitors prior to the show according to their business goals
- The Innovation Gallery Tours will provide 2019 attendees with the latest insight into Functional and Insulin packaging solutions in the Chinese market as well as the opportunity to meet exhibitors
- The Supplier Finder System, an interactive floor plan via dedicated screen, onsite visitors will be able to discover the location of existing or future business numbers, based on the search by a company name, product name or company's stand number
- CPhI TV will bring live interviews from the top companies on the show floor and live content onsite to get the best out of the show.
CPhI drives growth and innovation at every step of the global pharmaceutical supply chain from drug discovery to finished dosage. Through exhibitions, conferences and online communities, CPhI brings together more than 100,000 pharmaceutical professionals each year to network, identify business opportunities and expand the global market. CPhI hosts events in Europe, Korea, China, India, Japan, South East Asia, North America, and the Middle East and Africa. Co-locating with ICSE for contract services; P-MEC for machinery, equipment & technology; InnoPack for pharmaceutical packaging; BioPh for biopharma; and Finished Dosage Formulation for every aspect of the finished dosage supply chain. CPhI provides an online buyer and supplier directory at CPhI-Online.com.
For more information visit https://www.cphi.com
About UBM (and parent company Informa)
CPhI is organized by UBM, which in June 2018 combined with Informa PLC to become a leading B2B information services group and the largest B2B Events organizer in the world.
CPhI North America (30 April - 2 May, 2019 at McCormick Place – Chicago, USA); CPhI and P-MEC China (18-20 June, 2019 at SNIEC – Shanghai, China). CPhI Korea (21-23 August 2019, COEX – Seoul, Korea); CPhI Middle East & Africa (16-18 September, 2019 at the ADNEC – Abu Dhabi, United Arab Emirates); CPhI, ICSE, P-MEC, FDF, InnoPack Worldwide, BioProduction (5-7, November, 2019 at the Messe in Frankfurt); CPhI & P-MEC India (26–28 November 2019 at the India Expo Mart, Greater Noida, Delhi NCR – Delhi, India); Pharmapack Europe (5-6 February, 2020 at the Paris Expo, Porte de Versailles – Paris, France); Pharmapack Europe (6-7 February, 2019 at the Paris Expo, Porte de Versailles – Paris, France); CPhI South East Asia (12-14 March, 2019 at the QSNCC – Bangkok, Thailand); CPhI, ICSE, P-MEC, BioPh and InnoPack Japan (18-20 March, 2019 at the Big Sight Exhibition Centre – Tokyo, Japan)
SOURCE UBM Sinoexpo