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Dr. Xingli Wang

👤 Person
321 total appearances

Appearances Over Time

Podcast Appearances

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

And in that way, we probably would avoid what you call the political issues because we are making the product as a local product.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

And we also, for example, making the manufacturing site in Saudi.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

It does not say we're not going to do in the long term in the U.S., but we normally say we walk fast with small steps.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

In that way, we don't fall.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

And by the same planning, our new drug product, the innovative medicine side, when the product is strong, like the PD-1, the subliterumab, we are just completing our U.S.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

And that one we're going to market ourselves in U.S.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

So as you can see that our strategy is not like high level approach and top down approach.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

We gradually building up so we don't fall.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

This is a crystal ball question, right?

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

Whether it's five or 10 years, but our strategy for future is very clear.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

First, we will put most of our attention on drug development.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

You know, we have other businesses, for example, we have health care, which our goal is to spin it off to be an independent business.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

We have vaccines, it's also a goal to spin it off.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

So we're going to focus our Futsal Pharma on the pharmaceutical development first.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

Second, we're going to shift 90, more than 90% of our resource on novel drugs rather than established drugs.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

Then when we do the novel drugs, we also, as I mentioned to you, we appreciate also understand our capabilities.

Vanguards of Health Care by Bloomberg Intelligence
Fosun Pharma’s Drive Beyond China

So we don't want to overstretch ourselves.