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- Title
Chinese biotechs wrestle with transparency, cultural hurdles.
- Authors
Hepeng Jia; Feng Tang; Orelli, Brian
- Abstract
The article reports on the transparency and cultural challenges being faced by Chinese biotechnology (biotech) firms. It mentions that while the growth in the Chinese biotechnology industry has attracted Western investors and companies seeking market opportunities, potential pitfalls exist. Oscar Chen of Duan and Duan cites overstating financial figures and hyping profit predications as some problems of the industry. Intellectual property (IP) rights are cited as another challenge for foreign investors and collaborators.
- Subjects
CHINA; BIOTECHNOLOGY industries; CORPORATE culture; ORGANIZATIONAL transparency; CHEN, Oscar; INTELLECTUAL property; FOREIGN investments
- Publication
Nature Biotechnology, 2011, Vol 29, Issue 5, p377
- ISSN
1087-0156
- Publication type
Article
- DOI
10.1038/nbt0511-377