Purpose of Real-World Evidence/Real-World Data Real-World Evidence is critical for designing more effective treatments. For example, to test new treatments, pharmaceutical companies adopt a method called “Randomized Controlled Trial” (RCT). There are two...
Trade Agreement On January 16, 2020 the U.S. and China finalized the trade agreement that specifies the patent protection rules for drugs. Under the patent protection, biopharmaceutical companies can fill out an application and the term of each new patent is 20 years....
On November 14, 2019, the U.S. Food and Drug Administration gave approval to BeiGene Ltd’s lymphoma treatment, Brukinsa. BeiGene is a Chinese biopharmaceutical company that focused on cancer treatments. The treatment “Brukinsa” has been tested on 118...
What is NRDL? The National Reimbursement Drug List (NRDL) was introduced in 2000 to support medical healthcare and providing patients with basic medical treatments. Between 2000 and 2017, the NRDL has been updated twice, but the reimbursement process is poor. The...
Beginning of Changes China revised its pharmaceutical regulations by releasing the second draft of the Drug Administration Law of the People’s Republic of China (DAL) to the Committee of the National People’s Congress of China (NPC) for discussion. The...
The Theory At the American Society of Clinical Oncology (ASCO), FDA Commissioner Dr. Scott Gottlieb introduced the Drug Competition Action Plan, which aims to lower new drug pricing by increasing generic (alternative) drug competition in the pharmaceutical market....
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