Pharmaceutical market entry in China :
Let’s walk the steps.
You have developed a drug which works well in your country and around.
After years of research, clinical trials and validations, your product was finally released in your own country.
Following your strategy, China has become a land to reach and develop business in.
China… a great country, a great market to breach with good potential.
The thing is that beyond the cultural difference and healthcare organizations,
China market entry processes are different compared to Europe.
At Jumo Partners, we define China Market Entry in 8 steps:
You have developed a drug which works well in your country and around.
After years of research, clinical trials and validations, your product was finally released in your own country.
Following your strategy, China has become a land to reach and develop business in.
China… a great country, a great market to breach with good potential.
The thing is that beyond the cultural difference and healthcare organizations,
China market entry processes are different compared to Europe.
At Jumo Partners, we define China Market Entry in 8 steps:
IP
Protect you Intellectual Properties (trademark, copyright, patent)
Registration
Define your regulatory strategy, try to wave clinical trial (#NMPA)
Clinical trial
Plan, execute and organize cases for the regulatory path
Importation
Prepare a clear importation strategy
Distribution
Identify and engage with distributors, and manage them
Market Access
Enter the country defining Pricing and Reimbursements strategies
Promotion
Organize your Marketing and Sales network (hire, train, manage)
Pharmaco-Vigilance
Collect, analyze and report to authority
These usually take 5 to 6 years to go through, and 3 to 4 years if you get clinical trial waiver.
Once granted, a license for drug is registered for 5 years.
Every step of the process requires specific knowledge and networks, that neither domestic nor foreign companies cover it all as it requires different skills and networks.
Administrative processes are most of the time complex when you do not practice them all the time.
Such an orchestra in need of its conductor, you need support to coordinate in a very detailed manner your market entry.
At Jumo Partners, we have spent decades to develop networks and knowledge to support you.
We offer adequate guidance and resources at each step of the process.
This is our specialty.
The more you anticipate it, the more you will be comfortable and serene.
This service is usually paired with the offer “Your Office in China”, especially designed for this need.
Your Office In China
STRETCH THE FRONTIERS OF YOUR BUSINESS
Book your appointment
The spontaneity of a live discussion helps you to understand and answer promptly your questions.
A quick discussion is the most efficient way to talk about your project and your needs in order to define the best strategy to develop your company in China.
Contact us now and schedule your call with our team!
About JUMO
JUMO, foreign market entry accelerator, is expert at unravelling market opportunities for both arriving and operating healthcare companies in the country.
Our team serves businesses looking for sustainable growth, to understand, plan, design, communicate and sell in foreign markets for and with you.
Disclaimer
All opinions expressed through interviews and testimonials are the owns of the participants.
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