R&D spending of selected pharmaceutical firms in China 2023

Published by
Wenyi Zhang,
Nov 18, 2024

In 2023, China's leading innovative drug company Jiangsu Hengrui Pharmaceuticals spent 6.15 billion yuan on research and development. Pharmaceutical companies that focus on innovative drugs and therapies generally have a higher expenditure on research, while traditional Chinese medicine (TCM) companies often put more effort into marketing.

Research and development expenditure of selected pharmaceutical companies in China in 2023 (in billion yuan)

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Release date

April 2024

Region

China

Survey time period

2023

Supplementary notes

One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of November 2024).

Figures have been rounded for a better understanding.

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