ISSUING AUTHORITY:

The General Office of Shanghai Municipal People’s Government

DATE OF ISSUANCE:

November 21, 2022

On November 21, the General Office of Shanghai Municipal People’s Government issued Several Policy Measures for Shanghai to Accelerate the Creation of a Global Biomedical R&D Economy and Industrialization Highland, which was implemented on October 31, 2022 and will be valid until October 30, 2027 (the “Policy Measures”).

The Policy Measures propose to optimize the innovative drug licensing system, provide financial support, grant graded rewards for innovative headquarters, and set up a biopharmaceutical board at the Shanghai Technology Exchange. The Policy Measures also suggest exploring, on a pilot basis, a patent open licensing system for universities, research institutes and medical and health institutions to facilitate the practical application of patents.

Reference:

上海市人民政府办公厅关于印发《上海市加快打造全球生物医药研发经济和产业化高地的若干政策措施》的通知