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Biotech / Medical : Biotech Valuation
CRSP 57.58+0.9%3:59 PM EST
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From: Arthur Radley5/21/2007 10:10:54 PM
   of 52153
 
Very interesting article in current BusinessWeek magazine..
"The Rush to Test Drugs in China"

When you juxtapose the GSK's diabetic drug woes announced today to the following statement in the article, one has to ask why are drug companies becoming so lax in their collect of trial data? +++++++++++++++++++++++++++++

Dr. Cezary Statuch, executive medical director for global medical affairs at Bristol-Myers in China, says the country's overstretched medical system leaves Chinese doctors with little time to do trials well. "It's done on top of their ward job," he says. "They see 100 patients a day and do this on their lunch break."

Despite such hurdles, running clinical trials for novel drugs and devices has become a growth industry. A new study by A. T. Kearney reports that China has surpassed India and Russia as the top overseas choice for clinical trials among major drug companies. China's advantages are "compelling", say Kearney VP Carol Cruickshank.

Much of the appeal comes down to money. Running a trial in China may cost as little as 15% of what a company would pay in the west.

And Lilly and Co. has 35 trials under way involving thousands of patients. The company will enroll twice as many patients this year as in 2006 -- some in trials that would be hard to fill in the U.S., says Dr. Steven Paul, Lilly's executive vp for science and technology. "We can do these very safely and quickly in China."
++++++++++++++++++++++++++++++++++++++++++++++++++++++

I guess they can do them quickly if the doctors are doing it over their lunch hour!
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