Medical scientists can profit

For the first time, individual medical researchers in Shanghai, as well as medical research institutions, will have the right to develop their work into commercial products.

In a bid to encourage product development and production of new medicines, researchers can now either establish their own drug manufacturing company or authorize other licensed manufacturers to carry out production, under a new regulation issued by Shanghai Food and Drug Administration.

Institutions or individuals can now submit an application for clinical trials for a new medicine directly to the FDA, which will also grant a permit for marketing, provided all the qualification standards are met.