According to the National Development Planning, the average annual growth rate of Biological Medicine industry’s output value will be more than 20% during 2013-2015. It is also expected that the whole market of the Biological Medicine industry will reach $100 billion and Pharmaceutical Biotechnology industry to be worth $32 billion.
Focus on development of new products and new technology development, industrialization, strengthening the regional support, active promotion of industry structure adjustment and enhancing biological medicine industry will aid in the promotion of biotech drugs. The “2013 Bio-pharmaceutical Development Summit” organized by Wuhan Biolake and Noppen will take place on September 12th to 13th in Wuhan, Hubei province.