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北京时间·🕒 发布 07:01:46时区推断·⟳ 抓取 07:11:23·⚡ 决策 07-16 07:23:03 +11m40s·103.7 天前

中国创新药企全球化扩张遭遇国际化人才瓶颈

这是一篇行业约束报道,说明恒瑞医药、康希诺等中国药企出海执行存在人才瓶颈,但没有新增订单、审批、交易或业绩指引。

📄 原文Reuters↗ 原文
Leading Chinese drugmakers with global ambitions such as Jiangsu Hengrui Pharmaceuticals and CanSino Biologics are stru…
不做 恒瑞医药(600276.SH)
行业长期问题报道,没有公司级新增订单、审批、业绩指引或可量化短线传导,不做。
不做 康希诺(688185.SH)
人才短缺属于长期执行摩擦,且没有明确利多或利空的短周期交易边界,不做。
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研究档案

🔎 新鲜度:最早出现 2026-07-15 · 扩散 medium · price-in 风险 medium ↗

消息传播链

  1. 2026-07-15财经媒体扩散Reuters非一手原文 ↗
    路透报道中国药企出海人才短缺,引用公司高管和行业数据,但没有披露单一公司新增经营事项。

关键理由

  • 这是一篇行业约束报道,说明恒瑞医药、康希诺等中国药企出海执行存在人才瓶颈,但没有新增订单、审批、交易或业绩指引。
  • 文中88%中国申办试验仍仅在中国、2025年中国临床试验占全球32%、授权交易约1380亿美元,均是行业背景数据而非公司级短线催化。

主要风险

  • 若后续出现具体FDA拒批、海外试验失败或重大授权交易,才可能形成单独决策。
工具调用 · 历史记录,结果未知(1 种)
  • stock_quote · 结果未知

原文全文

展开原文 · 5,906 字
Leading Chinese drugmakers with global ambitions such as Jiangsu Hengrui Pharmaceuticals and CanSino Biologics are struggling to recruit internationally experienced staff needed ​to develop and commercialise promising medicines overseas, industry executives say.

The shortage reflects how China's rapid rise as a hub for testing experimental, next-generation medicines is outpacing the industry's ‌ability to build the workforce needed to take those products global.

China-headquartered clinical trial sponsors conducted 88% of their trials exclusively in China in 2025, according to data from IQVIA, a health sector research firm.

By contrast, in the U.S. they ran just 5% of all trials in 2025, underscoring the scale of the challenge ahead, particularly after the U.S. declined to approve some China-tested drugs and called for multi-regional trials that might better reflect U.S. patients and clinical practice.

Sun Piaoyang, chairman of oncology and metabolic disease specialist Hengrui (600276.SS) , ​said his company's global multi-center clinical trial, overseas registration and commercialisation efforts require more highly qualified professionals, yet the industry faces a shortage of people with global development, international regulatory and ​cross-cultural management expertise.

"The challenges that we are currently facing are also the common challenges facing China's biopharmaceutical industry," he told Reuters.

Yu Xuefeng, CEO of vaccine maker ⁠CanSino (688185.SS) , said qualified specialists remained scarce in areas such as conducting overseas clinical trials, preparing regulatory submissions for multiple jurisdictions and international marketing.

In the past, not much has been done in China to go ​global, especially for innovative products, including multi-centre global trials, Yu told Reuters.

ACUTE SHORTAGE

While senior drug-development talent is in demand globally, industry experts say the challenge is particularly acute in China.

A recent survey from research organisation ICON found ​Asia-Pacific biotech professionals were nearly three times more likely than global peers to report talent shortages affecting operations.

India has benefited from its outsourcing industry and Japan from a more mature pharmaceutical sector, but China's rapid expansion has made its recruitment pressure more acute, Zhong Yao, the general manager of ICON's China business, said.

Drug development from China-headquartered clinical trial sponsors has grown significantly over the past two decades, with them running 32% of all global clinical trials in 2025, up from just 2% in 2009, ​according to IQVIA data .

As patents expire on overseas drugmakers' blockbuster medicines, demand for new products has fuelled a boom in licensing deals with partners in the greater China region, which rose to about $138 billion in 2025 ​from just $318 million in 2016, according to data provider Pharmcube.

China "faces bottlenecks in global commercialization without access to more internationally trained senior talent", said Catherine Gregor, the chief clinical trial officer at U.S. software firm Florence Healthcare.

Hengrui's Sun said ‌his company ⁠would step up efforts to strengthen internal training and recruit global talent. But he added that professionals with international perspectives and hands-on experience have become highly sought-after globally, driving up recruitment costs.

CanSino's Yu said his firm's core regulatory affairs and clinical team have learned from international advisers.

Oncology and autoimmune disease specialist Shanghai Henlius Biotech (2696.HK) said in its latest annual report that it has established in-house clinical and regulatory affairs teams in the U.S., Europe, Japan and Australia to independently operate clinical trials.

GOING GLOBAL

Chinese drugmakers are expanding overseas as regulators seek clinical data from more diverse patient populations.

Former U.S. FDA drug evaluation chief Richard Pazdur said multi-regional trials ​allow regulators to compare results across countries, helping ​determine whether differences in efficacy or safety reflect ⁠data quality, ethnic differences in patients or variations in medical practice.

"I think if, when there are studies exclusively done in China, then some people may wonder about how applicable those results are," he told Reuters.

Japan's Pharmaceuticals and Medical Devices Agency told Reuters that most new drugs approved in Japan require clinical data ​from Japanese patients rather than relying solely on studies conducted in Chinese populations.

A recruiter said the talent shortage can force Chinese drugmakers to rely on ​overseas partners when conducting international ⁠clinical trials, though it was more likely to slow execution than derail expansion plans altogether.

"Talent gaps at big China-headquartered pharma are showing up more as friction - slower or more partner-dependent execution - than clearly documented failures of overseas clinical trials so far," said Nihar Parikh, a pharma executive recruiter at U.S.-based Smith Hanley Associates.

Parikh said there was some hesitation among candidates looking at China-headquartered firms about the durability of overseas strategies and teams, while their ⁠offer packages could ​sometimes trail top-tier U.S. or EU multinationals.

Chinese drugmakers needed to clearly articulate their scientific ambition, decision-making processes and long-term international strategies ​to attract senior staff experienced with global clinical development, regulatory strategy and U.S. and Europe product launches, said James Nyssen, global head of life sciences at British recruiter Hays.

"Where that proposition is well defined, Chinese biopharma companies are highly competitive,” he said.

"Where it’s ​still evolving, hiring can take longer - not because candidates aren’t available, but because they are selective."

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