Shanghai Zhangjiang zone a true powerhouse in biotech medicine

Shanghai's Zhangjiang National Innovation Demonstration Zone has become a pharma valley with international appeal as the number of innovative biomedical enterprises located in the area now exceeds 1,000, according to the Zhangjiang management committee.

A considerable number of new drugs researched and developed at Zhangjiang, a major player in China's pharmaceutical industry, are expected to hit the market in the near future. A batch of biomedical enterprises has already been listed on the Shanghai bourse's sci-tech innovation board, commonly known as the STAR Market.

Also, Zhangjiang has recorded many "national firsts", thus marking significant strides in the country's biotech R&D strength in recent years, said the committee.